Earlier, the SEC conducted a public hearing on the proposed principles and draft regulations to support digital asset custodial wallet providers from business groups with expertise, experience, and readiness for directly safeguarding financial assets, which enables digital asset custodial wallet providers to service digital asset business operators with the same major shareholders. Meanwhile, the existing regulations require that digital asset custodial wallet providers must be listed companies or their subsidiaries only. These proposed amendments aim to support greater varieties of digital asset custodial wallet providers.
Most respondents agreed with the proposed principles and draft amendments.

The SEC has therefore amended the regulations with the key points as follows:
(1) Allowing digital asset custodial wallet providers from the specified business groups with expertise, experience and readiness for keeping direct custody of financial assets to provide services to digital asset business operators with the same major shareholders;          
(2) Requiring the digital asset custodial wallet providers under (1) to comply with the independence rules as specified by the SEC.*  
 
The notification specifying the amendments above has been published in the Government Gazette and will take effect from 16 January 2025 onwards.   

Remark: The relevant notification is:
1. The Notification of the Securities and Exchange Commission No. Kor Thor. 31/2024 Re: Rules, Conditions and Procedures for Undertaking Digital Asset Businesses (No. 26), dated 26 December 2024.

https://publish.sec.or.th/nrs/10555p_r.pdf

* Clause 49/7 (1)(2) and (3) of the Notification of the Securities and Exchange Commission No. Kor Thor. 19/2561 Re: Rules, Conditions and Procedures for Undertaking Digital Asset Businesses, dated 3 July 2018.