SEC Extends KuCoin Thailand Financial Deadline to March 30, 2026

MGR Online•Economy•6h ago

Reader Briefing

The SEC has granted KuCoin Thailand an extension until March 30, 2026, to rectify its financial standing.

•The Securities and Exchange Commission (SEC) has extended the deadline for ERX Company Limited (KuCoin Thailand) to fix its net capital requirements.
•The original deadline for KuCoin Thailand to resolve its financial issues was February 12, 2026.
•The extension was granted after a request from ERX, and the company also presented a restructuring plan and plans to appoint new directors.

•ERX Company Limited (KuCoin Thailand) was granted an extension to resolve its Net Capital deficiency.
•The deadline for ERX to fix its financial status was extended to March 30, 2026, following a request from the company.
•The SEC mandated daily checks of customer asset reports to protect investor interests.
•ERX was initially required to address the Net Capital issue by February 12, 2026, as per a prior SEC directive.
•ERX requested an extension due to the need to address its financial status and restructuring plans.
•The SEC Board considered ERX's request in a meeting on February 16, 2026, and approved the extension.
•ERX is expected to appoint new directors and implement business restructuring plans.
•Investors' interests are being protected through ongoing monitoring and daily asset reports by the SEC.

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SEC(ก.ล.ต.)ℹ️

The Thai regulatory body overseeing digital asset exchanges, which has extended a deadline for KuCoin Thailand.

KuCoin Thailand

The digital asset exchange operator, officially known as ERX Company Limited, that received an extension from the SEC.

ERX Company Limited(บริษัท อีอาร์เอ็กซ์ จำกัด)

The legal entity operating as KuCoin Thailand, which is required to resolve its financial status.

March 30, 2026(30 มีนาคม 2026)

The extended deadline for ERX Company Limited (KuCoin Thailand) to rectify its financial position.

February 12, 2026(12 กุมภาพันธ์ 2026)

The original deadline for ERX Company Limited (KuCoin Thailand) to resolve its net capital deficiency.

February 16, 2026(16 กุมภาพันธ์ 2026)

The date the SEC Board held a meeting to consider and approve the extension for ERX Company Limited (KuCoin Thailand).

Digital Asset Emergency Decree(พ.ร.ก. สินทรัพย์ดิจิทัลฯ)

The emergency decree under which the SEC has the authority to extend financial compliance deadlines for digital asset operators.

Notification Kor Thor 19/2018(กธ. 19/2018)

A specific SEC notification that sets out rules on business restructuring and board governance for digital asset operators.