SEC Joins Forces with Bank of Thailand to Drive Real-Time Tokenized Asset Settlement, Tightens Crypto Oversight to Curb Money Laundering

RegulationDigital Finance
โดย Prachachat·TH·Read original
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Jomkwan Kongsakul, Deputy Secretary-General of the Securities and Exchange Commission, disclosed that the SEC is coordinating with the Bank of Thailand to develop infrastructure to support settlement in token form, or Tokenized Settlement, which will enable asset delivery and payment to occur in real time and more automatically when tokenized assets are traded. The approach also extends to Tokenized Collateral, or bringing collateral into token form, to reduce steps and increase the efficiency of post-trade processes, and efforts are underway to push for a legal framework to support it, especially electronic securities law. On supervision, the SEC has intensified oversight of digital asset business operators, starting from the customer onboarding process, which requires Know Your Customer and Customer Due Diligence. If transactions are found to be inconsistent with the information and status declared, further checks must be made through Enhanced Due Diligence, along with Customer Profiling to classify customer risk levels, limits on withdrawal amounts for high-risk customers, and rejection of customers linked to mule accounts. For stablecoins such as USDT, there are inspection measures for both inbound and outbound transactions, with transactions involving amounts of 5 million baht subject to additional scrutiny similar to the principles governing financial transactions in the banking sector. Meanwhile, the Travel Rule is used to track digital asset transfer data so that senders and recipients can be identified, and additional identity verification tools are required, such as Two-Factor Authentication and Liveness Detection, along with monitoring and reporting of suspicious transactions. The SEC stated that these measures have been gradually tightened since 2025, running in parallel with opening the way for tokenization technology to increase efficiency and create new opportunities in the capital market under a system that can be audited and risk-managed.

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