SEC Announces Criteria for Mutual Funds to Invest in Digital Assets: Public Hearing in May 2024

Mr. Anek Yuyuen, Deputy Secretary-General and Spokesman of the Office of the Securities and Exchange Commission (SEC), revealed that the Capital Market Research Board (SEC) has decided in principle the criteria for mutual funds to change assets With to prepare to open for public hearing within May 2024.

The opening for mutual funds to invest in digital assets will be divided into two parts: Investment Tokens, which the SEC considers to have risks similar to securities, and Cryptocurrency. which are considered high risk and price fluctuations are high

First, the SEC will set criteria for mutual funds to invest both directly and indirectly (such as BITCOIN ETF, etc.) and will also determine which types of funds can digital assets buy in the share. Including other conditions

However, we still focus on 2 main criteria:

– A type of asset such as funds for retail investors You have to look at the risk side. If funds with a high or low risk level are able to buy digital assets, their share must be limited. How much is Cryptocurrency There must also be transparent advertising rules. Be clear about the digital funds that are invested At the same time, if it is a fund for institutional investors, they may be ready to accept investment risks. Cryptocurrency Get more on sale

– Investor side We have to look at the level of risk that each group may have.

In addition, in terms of technology for the development of the capital market, the SEC has approved the principle of using Investment Tokens to raise funds for businesses that are in line with the government’s digital economic policy, such as businesses with power soft, for example In the case where a song is made for sale on the market and the song token is issued for investors to buy. So, when such songs can generate income from different channels. The owner of the song will get a share and share the revenue to the Token holders.

Therefore, making Investment Tokens to raise funds for industries that are in line with the government’s economic policy, such as soft power, will help support more diversity in many industries, such as the film industry, music , etc. with the SEC Hearing will be in May 2024.

However, the SEC is still focused on developing digital infrastructure. They are also looking at the possibility of issuing Tokenization in bonds and debt to distribute to retail investors. It is currently being torn down.

In addition, they are preparing to coordinate private bonds that will be linked to databases. API or Blockchain methods can be used to help buyers buy bonds without entering personal information each time. Or in case of normal payment (Option), information will be displayed in Real Time.

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