Thailand is set to legalize the issuance of tokenized securities using blockchain technology with a recent amendment to the Securities and Exchange Act.
Thailand to Greenlight STOs
Thailand’s National Legislative Assembly has reportedly approved an amendment to the existing Securities and Exchange Act on February 8th, according to the Bangkok Post.
The amended act is expected to go into effect this year according to Tipsuda Thavaramara, Deputy Secretary-General at the SEC.
The Director of the Corporate Communication Department at the SEC, Pariya Techamuanvivit, said that once this happens, it will be legal for businesses to launch security token offerings using blockchain technology.
She also outlined that the Commission will be able to provide legal clarity on whether or not certain securities can be issued as digital…