Reference is made to the order of the Settlement Committee under the Emergency Decree on Digital Asset Business B.E. 2561 (2018) (the "Committee") regarding a settlement of the fines of Bitkub Online Company Limited (the "Company") and the Company's digital asset selection committee in relation to the registration of KUB (Bitkub Coin) listing in the Company's digital asset exchange platform.
The Company hereby would like to inform that, throughout the years, the Company has operated its business with great determination to strictly and entirely comply with the laws, corporate governance principles, and business ethics. For the matters related to KUB (Bitkub Coin), in each coin selection, the Company generally selects the digital asset to be listed in the exchange by using the same Listing Rule.
After a careful review of the qualifications of KUB (Bitkub Coin), the Company hereby would like to inform that KUB still meets the qualifications and complies with the Listing Rule approved by the Thai SEC as it has been previously selected, and still remains listed in the Company’s exchange platform as usual.
The Company would like to inform you that the Company has always used its best endeavour to strictly comply with Listing Rule which has been approved by the Thai SEC. Therefore, the Company would like to clarify as follows:
1. The Company considers the qualifications and the Listing Rule by considering the benefits of the investors and any possible risks from the coin as utmost importance. In this regard, the Company also discloses news and information related to the coin to the investors and the public for consideration and understanding of the coin every time prior to the availability of trading.
2. The Company has used the best endeavour to comply with the Listing process of digital assets stipulated by the Company, including having discussions with the relevant parties regarding the White paper and a request for a Profile listing ID from the Thai SEC for using in the report provided to the Thai SEC before listing in the Company’s exchange platform, etc. Additionally, after being notified by the Thai SEC about some observations, the Company has made the improvements and reported the same to the relevant parties for their consideration.
3. The Company regularly monitors the improvement of the projects related to the digital asset and notifies the investors through various channels of the Company.
In this regard, the Company would like to inform that, the Company has always adhered to the corporate governance principles, which always has regarded and held the business transparency and fairness as utmost importance by placing the benefits of the customers, investors, shareholders, and all stakeholders as priority. This also includes the joint and continuous improvement and development with the relevant parties in order to build trust and a higher standard of digital asset business in the future.
Bitkub Online Co., Ltd.