Thailand’s securities regulator says it must authorise issuances of digital tokens on decentralised finance, or DeFi, platforms under the Digital Asset Act, which regulates assets such as cryptocurrencies and digital tokens and the exchanges where they are traded.
“The issuance of digital tokens must be authorised and overseen by the SEC and the issuer is required to disclose information and offer the coins through the token portals licensed under the Digital Asset Act,” the SEC says in a statement on June 2.
This is the SEC’s first announcement related to DeFi and comes after wild swings in the price of TukTuk Finance digital tokens traded on DeFi platform Bitkub Chain. According to a June 1 report in the