SEC fined “Bitkub Online-Bitkub Coin Selection Committee for 5 people who act or omit to act as a duty that must be done” As a result, the KUB coin trading in the cryptocurrency exchange is not in compliance with the rules.
Based on the comparison of fines of the Office of the Securities and Exchange Commission (SEC) found that there was an order to compare the fines of Bitkub Online Co., Ltd. and directors in the digital asset selection committee of the company Bitkub Online Company Limited (“BO”) 2,533,500 baht each as follows:
1. Compare and adjust Bitkub Online Company Limited because in the registration of Bitkub Coin (KUB coin) trading in the digital asset trading center of Bitkub Online Company Limited by the Digital Asset Selection Committee considered and approved the KUB coin (Bitkub Coin) to enter. Trading in digital asset exchanges does not comply with the listing rules approved by the SEC and does not take into account the measures to prevent conflicts of interest (COI). ), there is an ordercompareNo. 4/2565 byadjustfor 2,533,500.00 baht
2. Mr. Atakrit Chimphalapiboon As the chairman of the company’s digital asset selection committeeBitkub OnlineLtd. (“BO”) is responsible for the selection of digital assets to be offered trading services in the digital asset exchange. Acts or omissions to act which are obligatory, causing the BO to select Bitkub Coin (KUB coin) to trade in the digital asset exchange does not comply with the approved Listing Rules. from the SEC and did not take into account the measures to prevent conflicts of interest (COI) has ordered a fine of 2,533,500.00 baht
3. Mr. Pongsakorn Sutantayavalee as a member of the Digital Asset Selection Committee of the CompanyBitkub OnlineLtd. is responsible for the selection of digital assets to be used for trading in the digital asset exchange center. Acts or omissions to act which are obligatory, causing the BO to select Bitkub Coin (KUB coin) to trade in the digital asset exchange does not comply with the approved Listing Rule. from the SEC and does not take into account the measures to prevent conflicts of interest (COI) has a comparative order No. 6/2565 byadjustfor 2,533,500.00 baht
4. Mr. Pongsakorn Sutantayavalee as a member of the Digital Asset Selection CommitteeBitkub OnlineLtd. (“BO”) is responsible for the selection of digital assets to be offered trading services in the digital asset exchange. Acts or omissions to act which are obligatory, causing the BO to select Bitkub Coin (KUB coin) to trade in the digital asset exchange does not comply with the approved Listing Rule. from the SEC and does not take into account the measures to prevent conflicts of interest (COI), has a comparative order no. 6/2565 with a fine of 2,533,500.00 baht
5. Mr. Sukrit Putthawiriya as a member of the Digital Asset Selection Committee of the CompanyBitkub OnlineLtd. is responsible for the selection of digital assets to be used for trading in the digital asset exchange center. Acts or omissions to act which are obligatory, causing the BO to select Bitkub Coin (KUB coin) to trade in the digital asset exchange does not comply with the approved Listing Rule. From the SEC and does not take into account the measures to prevent conflicts of interest (COI) has a comparative order no. 8/2565 with a fine of 2,533,500.00 baht.
6. Mr. Nithiwat Manesin as a member of the Digital Asset Selection Committee of the Company Bitkub Online Ltd. (“BO”) is responsible for the selection of digital assets to be offered trading services in the digital asset exchange. Acts or omissions to act which is a duty that must be performed causes the BO to choose Bitkub Coin (KUB coins) trading in cryptocurrency exchanges does not comply with the Listing Rule approved by the SEC and does not take into account conflict prevention measures. For the benefit (COI), there is an order for comparison at 9/2565 with a fine of 2,533,500.00 baht.
refer : LINK
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