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Tomorrow The Tokenizer launches the world’s first AI-powered regulatory GPT – or RegGPT – designed specifically to cover the space of asset tokenization and digital assets. 

The RegGPT will be an integrated part of The Tokenizer’s SaaS product, The Token RegRadar

With this game-changing AI upgrade, The Token RegRadar will be a vital tool for any professional who needs to understand or analyse regulatory requirements and stay updated with regulatory changes and news within the asset tokenization and digital asset industry.

But what kind of question is the new RegGPT actually capable of answering? In this countdown series, we will show you some examples:

  • Can you please make a quick comparison of the asset tokenization regulations in Malaysia and Thailand?
  • Certainly, let’s delve into a comparison of the asset tokenization regulations in Malaysia and Thailand based on the information available:

    Regulatory Framework: The primary legislation governing digital assets in Thailand is the Emergency Decree on Digital Asset Businesses, B.E. 2561 (2018), effective from 14 May 2018. This decree introduced a new asset class under Thai law, encompassing both cryptocurrencies and digital tokens.
    Types of Digital Assets: Digital assets in Thailand are categorized into cryptocurrencies and digital tokens, with digital tokens further divided into investment tokens and utility tokens.
    Licensing Requirements: Any business operator engaging in activities related to digital assets must be licensed under the Digital Asset Decree. This includes exchanges, brokers, dealers, and other related parties.
    Integration with Existing Laws: The Digital Asset Decree works in conjunction with other existing laws such as the Securities and Exchange Act, the Payment Systems Act, and the Derivatives Act. This means that certain digital instruments may be regulated under these specific laws if they fall under the categories of securities, e-money, or derivatives.
    Investment Tokens: The Thai SEC allows for investment tokens that contain the rights to participate in an investment, and specific regulations apply to real estate-backed tokens.

    Regulatory Authority: The Securities Commission (SC) of Malaysia, with support from the Ministry of Finance, is the main regulatory body for digital assets.
    Progressive Stance: Malaysia has shown a keen interest in security tokens and has been working towards establishing a comprehensive legal framework for digital assets.
    Legal Framework Development: As of the information available, Malaysia aimed to create a full legal framework for digital assets by the end of the third quarter of 2019, signaling a proactive approach to regulating this space.
    Regional Influence: Malaysia’s regulatory developments in digital assets have been seen as a significant step forward in Asia, potentially influencing other countries in the region, including Thailand and the Philippines, to develop their own STO guidelines.

    In summary, both Thailand and Malaysia have taken steps to regulate the digital asset space, with Thailand establishing a clear legal framework that distinguishes between different types of digital tokens and requires businesses to obtain licenses. Malaysia, on the other hand, has been recognized for its progressive approach and eagerness to develop a comprehensive legal framework, potentially influencing regional regulatory trends.

Previously we’ve asked the AI:

How would you evaluate the developments we have seen globally in the asset tokenization space during the second half of 2023?

“In the second half of 2023, Hamilton Lane started tokenizing private funds on ADDX. Can you tell a bit about Hamilton Lane and explain how and why they did that? What are the main regulatory challenges of doing what Hamilton Lane is doing?”

“Can you briefly explain what the German Electronic Securities Act (Gesetz über elektronische Wertpapiere, eWpG) is all about?”

“Can you make a list of the most important Hong Kong laws regarding virtual assets?”

“I want to tokenize an asset in the US, but I am unsure of whether I need to make a prospectus and whether I am allowed to sell to retail investors and to investors outside the US. Can you provide me with a quick overview of the rules and the exemptions? I have heard that some of these exemptions have names like A, D and R, is that correct?”

If you want to know more about a subject, you can simply ask the RegGPT follow-up questions or use The Token RegRadar’s other features like the search engine, the collection of law texts and more.

If this made you curious about how The Token RegRadar can help you in your daily work, please visit https://regradar.thetokenizer.io and sign up for your two day free trial right now.

Image by Abdelrahman Ismail from Unsplash

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