penalties under Section 57 and Section 66 of the Royal Decree on Digital Asset Businesses B.E. 2561 (2018). The first count of unlicensed offering of digital tokens is liable to imprisonment for a term not

Section 90 of the Securities and Exchange Act B.E. 2535 (1992) (SEA) which states that no person shall undertake securities business without license. Violator of Section 90 is subject to penalties under

-osoth, (2) Ms. Poramaporn Prasarttong-osoth, and (3) Mrs. Narumon Chainaknan. The offenders were subject to pay civil penalties at the total amount of 499.45 million baht. In addition, they will be banned

who obtained an SEC approval to become ICO portals and for digital token sale. Therefore, those who make infringement will be regarded as breaking the laws with criminal and civil penalties

Public Company Limited (PDI). The offenders paid civil penalties and compensation for the received benefits, at the total amount of 1,917,895.83 baht.According to the referral from the Stock Exchange of

Securities and Exchange Act of 1992 (SEA) in conjunction with Section 83 and Section 86 of the Penal Code, and liable to the penalties under Section 296 of the SEA, i.e., imprisonment for up to two years or a

taking an unfair advantage of other persons in violation of Section 241 and liable to the penalties under Section 296 of the Securities and Exchange Act of 1992.In this case, the offender refused to enter

the penalties under Section 296 of the Securities and Exchange Act B.E. 2535 (1992). They all agreed to enter the criminal fining process.Consequently, Somporn was fined at the amount of 612,500 baht

offence under Section 89/7 in conjunction with Section 89/10 and Section 89/11, and liable to the penalties under the first paragraph of Section 281/2 of the Securities and Exchange Act of 1992. The

the penalties under the second paragraph of Section 281/2 of the SEA, in conjunction with Section 86 of the Penal Code. The SEC has therefore filed the criminal complaint against the three offenders