The Thailand Securities and Exchange Commission has given ERX Co., Ltd. (operating as “KuCoin Thailand”) additional time to remedy a capital maintenance deficiency, extending the deadline for restoring its financial position to 30 March 2026. The extension follows an earlier SEC requirement for ERX to regain capital maintenance by 12 February 2026 to ensure it maintains sufficient capital to continue operating, and ERX’s request on that date for more time to cure the deficiency. The SEC Board acted under Section 35(1) of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) and also acknowledged ERX’s remediation steps on board governance, including its approach to appoint replacement directors to comply with Clause 9/1 of Notification No. KorThor. 19/2561. The SEC will continue close oversight of operators, including daily monitoring of reports related to client assets, to ensure compliance with regulatory requirements.
Thailand Securities & Exchange Commission 2026-02-16
Thailand Securities and Exchange Commission extends ERX KuCoin Thailand deadline to restore capital maintenance to 30 March 2026
The Thailand Securities and Exchange Commission has extended the deadline for ERX Co., Ltd. (KuCoin Thailand) to address a capital maintenance deficiency to 30 March 2026. This follows ERX's request for more time and the SEC's acknowledgment of ERX's governance remediation efforts. The SEC will maintain close oversight, including daily monitoring of client asset reports, to ensure compliance.