Thai government gives permission for STO
Thailand has stepped up to its road on tokenized securities. National Assembly has endorsed the Securities and Exchanges Act on Feb 8, in which the tokenized and scripless securities will able to issue and trade through blockchain.
For depository of securities and tokens business, they will be allowed to apply a license from SEC. The digital token will be regulated by the act, if it meets the definition of securities like shares and bonds.
In order to run STO properly, exchanges, brokers, and dealers are required to
Tipsuda Thavaramara, the deputy secretary general of Securities and Exchange Commission said the act is expected to come into force this year, it will build the digital asset ecosystem, and it also