<\/p>\n
Thailand\u2019s SEC plans to drag hidden funders of crypto firms into its major\u2011shareholder regime, tightening AML rules even as it opens the door to Bitcoin\u2011linked derivatives and ETFs.<\/p>\n
<\/p>\n
Thailand\u2019s Securities and Exchange Commission (SEC) is preparing new rules that would drag hidden financial backers of domestic crypto businesses into the same regulatory net as their largest shareholders, in a direct attempt to choke off disguised capital and illicit money flows. <\/p>\n
According to a flash update from Chinese outlet ChainCatcher, the draft framework would force \u201cfunding providers behind major shareholders of cryptocurrency companies\u201d to undergo the same approval process as those shareholders if they provide \u201csignificant funding support\u201d through guarantees, financing contracts or structured investments. While the SEC has not yet published the full text in English, the proposal is expected to apply to licensed exchanges, brokers and dealers regulated under Thailand\u2019s Royal Decree on Digital Asset Business.<\/p>\n
The initiative builds on a wider clean\u2011up of ownership structures already under way in Bangkok. In February, Thailand\u2019s Ministry of Finance adopted an order tightening the definition of a major shareholder in digital\u2011asset firms to include any person holding more than 5% of voting rights directly or indirectly, or anyone effectively \u201ccontrolling management or operations,\u201d according to an official notice tracked by Digital Policy Alert. <\/p>\n
<\/p>\n
A separate legal briefing from Silk Legal notes that, under SEC News No. 52\/2026, operators have 180 days from Mar. 4, 2026 to \u201creview their ownership structures, identify newly qualifying major shareholders, and submit approval applications for those not previously approved,\u201d closing long\u2011standing loopholes around nominee and layered holdings. These look\u2011through tests will now extend to financiers whose capital effectively determines who controls a crypto platform, even if their name never appears on the cap table.<\/p>\n
Thai authorities have paired ownership scrutiny with more aggressive policing of money laundering through digital\u2011asset platforms. In March, local exchanges froze more than 10,000 accounts suspected of acting as so\u2011called \u201cmule\u201d wallets under a new \u201cSpeed Bump\u201d measure, according to a report from MEXC News citing the Thai Digital Asset Operators Trade Association (TDO). The SEC has also proposed a \u201cTravel Rule\u201d regime that would require crypto businesses to collect and share sender\u2011and\u2011recipient data on every transfer, a move SEC secretary\u2011general Pornanong Budsaratragoon described as \u201ca cornerstone of the regulator\u2019s proactive strategy\u201d to prevent the ecosystem becoming a conduit for fraud and money laundering, The Nation reported.<\/p>\n
These measures come even as Thailand tries to cement its reputation as a crypto\u2011friendly jurisdiction. In February, the SEC confirmed that cryptocurrencies such as Bitcoin would be recognized as underlying assets under the country\u2019s Derivatives Act, allowing them to back regulated futures products, a shift Pornanong said would \u201cpromote market inclusiveness\u201d and \u201cenhance portfolio diversification and risk management.\u201d Deputy secretary\u2011general Jomkwan Kongsakul has separately said the commission plans to release formal guidelines to support crypto exchange\u2011traded funds \u201cearly this year,\u201d with investors likely permitted to allocate up to 5% of diversified portfolios to digital\u2011asset products once the framework takes effect, according to the Bangkok Post as cited by CoinMarketCap and crypto.news.<\/p>\n
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Thailand\u2019s SEC plans to drag hidden funders of crypto firms into its major\u2011shareholder regime, tightening AML rules even as it opens the door to Bitcoin\u2011linked derivatives and ETFs. Summary Thailand\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":9028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25379"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25379\/revisions"}],"predecessor-version":[{"id":25380,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25379\/revisions\/25380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9028"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}