operators, digital asset business operators, crowdfunding platform providers, ICO portals, and the Stock Exchange of Thailand. The event took place on 27 May 2025 at the SEC Building and was also streamed

issuers nor ICO portals recognized by SEC at this moment. Once there exists an ICO issuer or ICO portal fully complied with the regulations, SEC will publish such information on the SEC website.In the

companies, derivatives business operators, digital token portal service providers and crowdfunding portals as well as related organizations and capital market participants, i.e., listed companies and

specified by the SEC to allow ICO issuers, ICO portals and digital asset business operators to accept the cryptocurrencies on the list in transactions or as compensations to accommodate activities related

equity or debt instruments. Most of those making comments also agreed on a requirement to mobilize fund via ICO portals approved by the SEC. ICOs can be placed to institutional investors, private equity

compliance with the governing law; (2) These ICOs have not been screened by the SEC-approved ICO portals; (3) Necessary and sufficient information on these ICOs may not be disclosed to support investors

January 2019.________________________Remark: Public Hearing Document - https://capital.sec.or.th/webapp/phs/viewall/viewall.php*Crowdfunding is a fund raising method from crowd through funding portals

The Royal Decree on Digital Asset Businesses, B.E. 2018 stipulates that issuing and offering digital tokens must be approved by SEC and digital tokens must be offered through digital token portals

qualifications and smart contracts by SEC-approved ICO portals; (3)   There might not be enough necessary information disclosed for investors.(4)   These is no business operators under SEC supervision allowed

disclosure, a prospectus, progress reports of a project and use of proceeds. The offering of digital token must be made through ICO portals approved by SEC Board. The role of ICO portal is to perform due