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TDO Clarifies SHFL Token Status Amid SEC Listing Confusion

Matichon Online One source

The Thai Digital Assets Association (TDO) has clarified that the inclusion of the SHFL token on a Securities and Exchange Commission (SEC) list is for capital calculation purposes only, not an approval for trading.

The Thai Digital Assets Association (TDO) has issued a formal clarification regarding the SHFL token following public confusion over its appearance on a list published by the Securities and Exchange Commission (SEC). According to Matichon Online, the TDO emphasized that the token's inclusion on this specific list is strictly for the purpose of calculating capital funds and does not constitute an official endorsement or authorization for the token to be traded on regulated platforms.

For residents and investors in Thailand, this distinction is significant. The TDO explicitly stated that its member platforms do not provide services related to the SHFL token. This clarification serves as a reminder to the public to exercise caution and verify the regulatory status of digital assets before engaging in any transactions.

While the TDO has provided this explanation to mitigate potential misunderstandings, the situation highlights the complexities of digital asset oversight in the country. Residents should remain aware that being listed for administrative or calculation purposes by a regulatory body does not equate to a green light for public investment or exchange availability. Further updates from the SEC or official digital asset exchanges may be required to clarify if any future changes to the token's status are planned.