Thailand proposes tighter scrutiny of funders behind crypto firms
Thailand’s SEC proposes tightening funding rules for cryptocurrency companies to include anyone backing major shareholders, directly or indirectly.
Thailand’s securities regulator is seeking to curb money laundering and technology-related crimes by tightening funding rules for cryptocurrency companies.
The Securities and Exchange Commission of Thailand (Thai SEC) on Monday proposed expanding approval requirements for crypto businesses to include financiers behind major shareholders.
Under the proposal, any person providing backing or financial support to major shareholders would itself be treated as a shareholder requiring regulatory approval from the regulator.