The SEC is open to hearing opinions on principles and draft announcements related to information disclosure and risk notification to customers of digital asset business operators. so that customers of digital asset business operators can receive information necessary for making a decision to use the service as well as being aware of the risks that may arise from the custody of assets of digital asset business operators and from business operators depositing digital assets with other people
Because digital assets are created based on blockchain technology (blockchain) and have different storage methods from other types of assets. Which must be kept in a digital asset wallet (wallet) In addition, in the past, there has been news about many foreign digital asset business operators experiencing liquidity problems and having risks in asset preservation. of business operators In the past, the SEC has issued a letter requesting cooperation for business operators to provide information disclosure and warning of risks related to the safekeeping of customer assets on websites and applications of operators. Business went on December 30, 2022.
The SEC considers that digital asset traders should be notified to be aware and able to use or store their digital assets safely. And get informed about the storage of digital assets of business operators. for use in assessing risks for making decisions about using the service Therefore, it is deemed appropriate to establish the disclosure of information and notification of risks in such matters as clear criteria for business operators to be able to act properly and in the same direction. We would like to hear opinions on the principles and related draft announcements from businesses and the general public, which are as follows:
(1) A digital asset business operator must notify risks relating to financial status assessment of a digital asset business operator. Storage of customer assets and risk management of customers
(2) A digital asset business operator must disclose information on the storage of digital assets with other service providers (third-party custodians) and a list of digital asset trading centers connected to provide services (sourced exchange).
(3) Information disclosure and risk notification under (1) and (2) must be done through all official channels of digital asset business operators. And must notify all customers of the disclosure and notify the above risks. Including disclosing information and informing new customers about risks during the account opening process. The information disclosed must be accurate and complete. and always up-to-date It must be clearly separated from the rest of the information and in the event that such information is significantly updated. Must notify all customers as well.
In this regard, the SEC has published a public hearing on principles and a draft announcement on the aforementioned matter on the SEC website. https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=918 Those involved and interested can express their opinions on the website or via e-mail: [email protected] or [email protected] until August 3, 2023.
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