The SEC is seeking feedback on proposed rule changes to allow digital assets as payment, including new business models, and participation in the BOT’s Programmable Payment Sandbox initiative.
The SEC Proposes Rule Changes on Digital Asset Payments
The Securities and Exchange Commission (SEC) is seeking public feedback on proposed rule changes that would allow digital assets to be used as a form of payment. These changes cover various digital asset business models and are part of the BOT’s Programmable Payment Sandbox initiative, aimed at promoting digital financial innovation.
Expansion of Digital Asset Business Models
The SEC is considering amending rules to include all types of digital asset business operators in the prohibition on using digital assets as a means of payment. This includes participating in the Programmable Payment Sandbox created by the Bank of Thailand to drive the development of digital financial innovation.
Public Feedback and Consultation
Stakeholders and interested parties are encouraged to provide feedback on the proposed amendments by the SEC. The consultation paper is available on the SEC and legal hubs’ websites, with comments and suggestions welcome via email. The public hearing on these rule changes ends on 29 July 2024, offering an opportunity for the community to shape the future of digital asset payments in Thailand.
Source : SEC starts public hearing on prohibiting digital assets as means of payment