TechFlow News, April 8: According to a Cointelegraph report, the Thai Securities and Exchange Commission (Thai SEC) has proposed bringing funding sources behind major shareholders of cryptocurrency enterprises under regulatory approval—regardless of whether such support is provided directly or indirectly—and subjecting them to the same level of regulatory scrutiny as shareholders.
This proposal aims to curb covert capital flows and prevent illicit funds from infiltrating cryptocurrency businesses. Indirect funding arrangements—including those structured via equity acquisitions—are also subject to these rules. The Thai SEC stated that “significant financial support” includes guarantees, contractual arrangements, or any investment instruments that effectively confer upon the funding party the status of an investor; however, if a major shareholder is a government-related entity, only the equity holdings at the entity level will be reviewed.
