approval from the SEC was in violation of Section 33 and subject to the penalties under Section 268 of the Securities and Exchange Act B.E. 2535 (1992) (SEA). The Criminal Fining Committee therefore has

businesses specified by the SEC Office. In addition, under the new regime, an applicant would pay the application fee of 30,000 baht per securities business per application, and the upfront license fee would

’ decision making; (4) None of the intermediaries or selling agents under the SEC supervision have been licensed to undertake digital asset businesses; (5) These ICOs may lack trading liquidity and may not

conditions under the contract made with the responsible securities company. Thus, investors should be fully aware of risks associated with such specific type of trading

available under the “License Check” banner, while the list of business operators not licensed by the SEC is available under the “Investor Alert List” on the SEC website at www.sec.or.th. In case of tips of

and deter money laundering.ICO issuers must be a company established under Thai law, with a clear business plan, audited financial statements, clear rights for digital token holders, source code

to provide securities advisory and analysis services to Thai investors under the Framework of ACMF, for example, they must be approved as another type of “capital market professional” under the

SEC Secretary-General Rapee Sucharitkul said that SEC has issued the notification relating to business operations of digital asset business operators under the royal decree on digital asset

SEC Secretary-General Rapee Sucharitkul stated that SEC has issued notifications related to the offering of digital token through ICO process and the the approval of ICO portal under the Royal

that  he continued to submit trading orders in the same manner. The act of Surin constituted a violation of Section 244/3 and will be subject to punishment under Section 296, Section 296/1, and