) HouseStyle HouseStyle (Unofficial Translation) Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) This English Translation has been prepared by Linklaters (Thailand) Ltd, in consultation with the

amendments under the SEC’s supervision are part of this governance enhancement. The issuance of an emergency decree, as approved by the Cabinet, will expedite implementation and strengthen confidence in the

investigation. Any act liable to be an offense under the Securities and Exchange Act B.E. 2535 (1992), the Derivatives Act. B.E. 2546 (2003), or the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018

Presently, supervising “digital asset businesses” under the royal decree on digital asset businesses, B.E. 2561 cover three business groups: digital asset exchange; digital asset broker; and

Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), any person operating digital asset business without a license shall be liable to imprisonment for a term of two to five years and a fine of

, the Derivatives Act B.E. 2546, the Trust for Transactions in Capital Market Act B.E. 2550 and the Emergency Decree on Digital Asset Businesses B.E.2561, which is the implementation of Section 13 of

investment in digital tokens through ICO process and as base trading pair against other digital assets traded on digital asset exchanges in compliance with the Emergency Decree on Digital Asset Businesses B.E

In pursuant to the Royal Decree on Digital Asset Businesses, B.E. 2561, which took effect on 14 May 2018, allows existing digital asset business operators who submit their requests to SEC within 90

enactment of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), which requires that digital token issuers and digital asset business operators shall obtain approval and/or proper licenses

cases where service providers exchange digital assets in a manner that constitutes operating a business under Section 3 of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) without a