latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Thailand’s SEC mandates exchanges to establish digital wallet management system

The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers’ assets.
The SEC on Jan. 17 released three sets of requirements aimed at providing regulatory guidelines for digital asset providers/exchanges to establish an efficient digital wallet management system.
According to the SEC, digital asset providers are required to communicate with the commission on policies and guidelines it implemented for overseeing risk management and management of digital wallets.
Additionally, the crypto custodians are requested to outline the policies and procedures guiding the design, development and management of digital wallets. Proper information should also be provided on how private keys are created, maintained and accessed when needed.
Furthermore, digital asset providers are required to have clearly defined contingency plans in case of events that compromise their digital wallets and private keys.
The SEC added that a thorough securities audit and digital forensic investigation are necessary in case of a system breach, to curtail the loss on the exchange’s clients.
The SEC has mandated all digital asset providers in the region to fully comply with the regulation within six months, effective from Jan. 16, 2023.
The post Thailand’s SEC mandates exchanges to establish digital wallet management system appeared first on CryptoSlate . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Thailand’s SEC mandates exchanges to establish digital wallet management system

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

SneakPeek Script
Setup, Upload and Go!