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Thailand Securities And Exchange Commission Introduces New Net Capital Rules Which Could Boost The Crypto Industry
Summary: Thailand's Securities and Exchange Commission announced changes to net capital requirement rules for brokerages and securities firms, including those in the digital assets sector, as reported by The Bangkok Post. The new requirements are aimed towards raising liquidity and growing businesses including those in the crypto industry. Under the new rules, digital assets would be counted ...
Thailand's Securities and Exchange Commission announced changes to net capital requirement rules for brokerages and securities firms, including those in the digital assets sector, as reported by The Bangkok Post.
The new requirements are aimed towards raising liquidity and growing businesses including those in the crypto industry. Under the new rules, digital assets would be counted as capital funds but the maximum amount calculable in digital assets for a firm’s total required capital would be 50% of the asset value.
The new rules would also increase the use of subordinated debt to replace the maintenance of net capital funds for when securities or futures transactions jump sharply over a short period of time.
By Emily Mason
Tags: Net Capital Funds,SEC,Securities and exchange commission,Thailand
Link: Thailand Securities And Exchange Commission Introduces New Net Capital Rules Which Could Boost The Crypto Industry [Copy]
