Thailand’s Securities and Exchange Commission has revised its net capital rules for digital assets.
According to a November 18 report by the Bangkok Post The Thai SEC now allows companies dealing with digital assets to include the value of those assets when calculating their net equity funds.
The new rules follow an increase in the volume of the Thai stock marketThe Bangkok Post says that after the US presidential election The Thai exchange recorded an overnight trading value of $ 5.5 billionFutures contracts on the Thai futures exchanges rose to 1 million a day.
New rules are intended to support the growing volume of trade by enabling securities and derivatives brokers to improve their liquidity management.
According to the Bangkok Post, The new rules include a deduction based on the quality of the assets. “The maximum calculable amount of digital assets [capital neto] a company is 50% of the value of the asset, “the report said.
The SEC also requires investment firms operating digital asset services to keep more than 1% of their clients’ digital assets in cold wallets and more than 5% of assets in online storage systems as hot wallets.
The Thai government has changed local regulations to support the growing national crypto industry. In August 2020, the Thai SEC granted the South Korean exchange UpBit four preliminary licenses that allowed the company to offer crypto services to customers in Thailand. Last year, The authority approved SE Digital, a subsidiary of Seamico Securities, as the first portal operator for coin offers in Thailand.