Draft of Minimum Criteria for The Selection of Domestically-issued Investment Tokens

Modified on Thu, 08 Feb 2024 at 04:12 PM

Draft of Minimum Criteria for The Selection of Domestically-issued Investment Tokens


1. An investment token is a digital token that is issued through the Initial Coin Offering (ICO) Portal approved by the Securities and Exchange Commission, and such ICO is approved by the Office of the Securities and Exchange Commission.


2. An investment token has a prospectus, that is approved by the Office of the Securities and Exchange Commission and becomes effective, contains clear terms regarding the rights of the investment token holders for joint investment in projects or businesses in accordance with the business plan, a method and conditions for amending the terms and conditions and a measure for fairly securing the rights of the investment token holders.


3. The project(s) of investment token(s) which will be available for trading on the digital asset exchange of the Company shall have the following characteristics:

3.1 The responsible team for the development of the investment token has the expertise and experience in the project invested.

3.2 The technology used in the project is consistent with the standard, general practice, or science used in digital asset businesses in general. 

3.3 The project is the project that the Coin Listing Committee of the Company exercises its discretion and views that are permissible for customers of the Company’s digital asset exchange to invest in accordance with the legislation.


4. The investment token issuer is not under the list of potential wrongdoers under the laws concerning money laundering, is not bankrupt, and does not lack any qualifications or obtain any prohibited characteristics under the Notification of the Securities and Exchange Commission No. GorJor. 15/2561 Re: Public Offering of Digital Tokens or any other similar regulations that the Office of the Securities and Exchange Commission may additionally specify and become effective (if any).


Remark: The Company may consider the persons who have potential risks for involving with money laundering or financial support for terrorism by possibly referring to the lists from the UN Sanction List, OFAC Sanction List, and Thailand Sanction List, and may consider the information of bankrupt announced in the Government Gazette or a website of Legal Execution Department or any other criteria set out by the Company.


5. An investment token does not possess any characteristics of being a digital token that the Securities and Exchange Commission, the Office of the Securities and Exchange Commission, and/or any other relevant competent governmental authorities prohibit from being available for trading on the digital asset exchange. 


Draft of Criteria for Qualification Review of Domestically-issued Investment Token (For Annual Evaluation)


1. The approval of the initial coin offering for the investment token by the Officer of the Securities and Exchange Commission has remained effective continually. In this regard, the investment token and the investment token issuer have maintained the qualifications and characteristics in accordance with the Notification of the Securities and Exchange Commission No. GorJor. 15/2561 Re: Public Offering of Digital Tokens (including any amendment and/or any other relevant applicable laws which become into force at the time of a review) including any filing documents that are effective and updated. 


2. The Coin Listing Committee may exercise its discretion for reviewing the qualifications of the investment token according to the following cases:

2.1 The Coin Listing Committee views that it is appropriate and necessary; or

2.2 The Securities and Exchange Commission, the Office of the Securities and Exchange Commission, the ICO Portal or any relevant competent governmental authorities has the order, instruct, or execute any actions against the investment token issuer (the applicant under the Notification of the Securities and Exchange Commission No. GorJor. 15/2561 (and as amended)) or any other persons relating to the issuance of investment token; or

2.3 The investment token issuer does not comply with the terms and conditions under the Coin Listing Agreement.


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