Thailand SEC Seeks to Expand Crypto Shareholder Approval Rules
Cointelegraph
The Thai SEC is proposing new regulations to mandate oversight of financiers backing major shareholders in cryptocurrency businesses to prevent money laundering.Summary
The Securities and Exchange Commission of Thailand (Thai SEC) has proposed tightening regulations for cryptocurrency companies by requiring major shareholders to disclose their financial backers. Under this proposal, any entity providing significant financial support or guarantees to major shareholders must obtain regulatory approval. This initiative aims to curb money laundering and ensure crypto operators are funded by legitimate sources. While government-related entities are exempt, the public consultation for these rules remains open until April 22, reflecting broader regional efforts to mitigate risks in digital asset markets.
(Source：Cointelegraph)