The Securities and Exchange Commission of Thailand (SEC) has officially launched the Digital Asset Regulatory Sandbox to support the development and testing of digital asset services in a real-world environment.
Thailand’s Digital Asset Sandbox aims to foster innovation in capital markets while ensuring regulatory compliance through a flexible framework.
The decision to establish the sandbox was initially approved by the SEC Board of Directors in March.
After the hearing in May, Feedback collected The SEC finalized the regulations after receiving input from various stakeholders.
Feedback was largely supportive of this initiative and the proposed regulatory adjustments.
The sandbox will allow participants to test six eligible digital asset-related services.
These include digital asset exchanges, brokers, dealers, fund managers, advisors and custody wallet providers.
To participate, companies will need to integrate their innovations into the development of digital asset services within Thailand’s capital market or join the financial markets regulator’s similar sandbox.
The SEC evaluates participants based on criteria such as capital adequacy, management structure and operational readiness.
Participants must define the scope of their services within the sandbox to minimize risks and potential impacts.
The testing period is limited to one year but can be extended if approved.
Thailand Digital Sandbox Applications Open. For more information, see the SEC’s Website Or contact us at daregsandbox@sec.or.th.
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