The Thai Securities and Exchange Commission deputy secretary-general Tipsuda Thavaramara has said that the recently introduced regulation allows for the issuance of digital shares and a tokenized securities depository platform.
In her comments, Thavaramara referred to the amendment to the Securities and Exchange Act of 2019, which is in effect since April 17.
Per the report, the SEC urges all stakeholders to prepare for the amended act, which aims to help Thailand introduce blockchain use in trade and security tokenization.
A major change made to the regulation reportedly allows scripless transactions to cover the primary market for all types of securities, while they were previously only allowed on the secondary market.
This change would open the system to tokenized securities, the Bangkok Post reports.
Thavaramara also reportedly explained that this amendment opens opportunities for additional market players and supports entirely digital shares.
The report states that the amended act allows for a tokenized securities depository platform and the issuance of digital shares in the primary market.
In scripless securities trading, only book entries represent the security holding and settlement, while no physical certificate is issued or exchanged.
As Cointelegraph reported in February, Thailand's National Legislative Assembly has officially allowed the issuance of tokenized securities on blockchain.
In March, Thailand's securities regulator has also approved the first initial coin offering portal in the country.
Thai SEC Deputy Secretary: New Regulation Allows for Digital Shares, Tokenized Securities
gepubliceerd op May 2, 2019
by Cointele | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.