The SEC continues to push the Thai capital market into “Digital Capital Market” in accordance with the SEC’s strategic plan continuously. Revealed that it is studying the development and changes of new technologies that affect the capital market in all dimensions in the Web 3.0 era in order to formulate guidelines and policies to regulate capital markets that are suitable to support the Virtual Capital Market, which is expected to be completed in the fourth quarter of the year. 2022
Ms. Ruenwadee Suwanmongkol, Secretary General, Office of the Securities and Exchange Commission (SEC)said that at present, the rapid development of technology has resulted in changing activities and methods of conducting transactions in the capital market especially online products and services. including blockchain technology and Web 3.0*, a distributed & decentralized technology that may have multiple applications that may be widespread in the future. Thai Seeing the need to study the developments and regulatory guidelines for the use of modern technologies such as the application of blockchain technology and Web 3.0 in the financial and capital markets sectors. This may lead to the “Virtual Capital Market” as well as to show trends and directions in the development and utilization of technology that may change the landscape of the Thai capital market in the future.
“This study is part of the implementation of the SEC’s strategic plan 2022-2024 to drive the Thai capital market towards the digital capital market. To promote sustainable growth of the Thai capital market able to compete with foreign capital markets and promote the potential of the country’s economy, which the SEC has continuously operated Since adjusting the digital asset market regulatory landscape to suit the environment and keep pace with business developments and current conditions. Upgrading the supervision of digital asset business to increase investor protection including the effective use of technology in the Thai capital market, such as the development of Digital Infrastructure (DIF) to help increase funding efficiency, and the use of technology to enhance the detection of wrongdoing in the capital market. (E-enforcement)”secretarysay
For this study It covers the developments of various technologies that may affect and change rapidly (disruption) on the capital market in various dimensions, including products in the capital market. Methods of fundraising for the business sector Nature of service and related business investor behavior as well as the governance methods of regulatory agencies that may need to be modified to reflect and keep pace with technological developments. To monitor risks in new ways that may occur to investors and those involved in the capital market as well as to study the law and guidelines for regulating the use of modern technology in foreign countries This will be applied to the SEC’s guidelines and regulatory policies. It is expected that the study will be completed in the 4th quarter of 2022.
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