### In a step forward for safe crypto adoption, Thailand's SEC released rules for the management of digital wallets for the custody of digital assets and keys.

According to the Thailand SEC official [release](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=9827), the rules cover: 

>"The regulations cover the following requirements: 

>	(1)  Policy and guidelines for overseeing risk management and management of digital wallets and keys as well as communication to clarify such policy, action plans and procedures, work supervision and internal control to ensure compliance with the policy;

>   	(2)  Policy and procedures for designing, developing and managing digital wallets as well as creating, maintaining and accessing keys or other related information appropriately, securely and safely;

>	(3)  Contingency plan in case of occurrence of any event that may affect the management system of digital wallets and keys. This includes laying out and testing action procedures, designating responsible persons and reporting the event. An audit of system security is also required as well as digital forensic investigation in case of any event affecting the security of systems related to digital asset custody, which could cause significant impacts on clients’ assets. 

A significant element of the rules is the requirement of a contingency plan for untoward events (i.e. hacks or exploits), and an audit of system security. In the case of an event causing security risks, a forensic investigation is required by the rules. 

In a step forward for safe crypto adoption, Thailand's SEC released rules for the management of digital wallets for the custody of digital assets and keys.

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