(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 https://www.sec.or.th/TH

NC requirements.  ** “Digital Token” shall have the same meaning as defined in the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018): https://www.sec.or.th/TH/Documents/ActandRoyalEnactment

Pursuant to the Emergency Decree on Digital Asset Businesses of 2018, digital asset business operators are required to obtain a relevant license from the Minister of Finance. Since 2018, three types

clients or outstanding transactions. ______________________Remarks: Relevant law and regulations are as follows:           - Paragraph 3 of Section 19 of the Emergency Decree on Digital Asset

management, private fund management, including those business operators under the Emergency Decree on Digital Asset Businesses, e.g., digital asset exchange, digital asset broker, digital asset dealer

primary purpose is consumption or being a digital representation of a certificate (Utility Token Group 1) are exempt from the supervision under the Emergency Decree on Digital Asset Businesses B.E. 2561

operators to deal with Covid-19 situation. All of them confirm the readiness to provide services related to securities trading continuously and have business continuity plans in case of emergency.  In

information technology to support the work-from-home routine. In the past, the rules allowed employees of business operators to perform duties from home only during emergency situations (under BCP plan), but

proceedings.Earlier, the SEC filed criminal complaints against the four offenders on the suspicious ground that their misconduct may be liable to the offenses under the Emergency Decree on Borrowing Which Are Regarded

), the Emergency Decree on Digital Asset Businesses B.E.2561 (2018), respectively.The SEC Thailand has been an active ordinary member since 1992 and a signatory to the IOSCO MMoU. As an ordinary member