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
hearing on the principles and draft regulations, as follows: 1. Designation of G-Token Characteristics: G-Tokens refer to digital tokens issued by the Ministry of Finance, classified as a loan raising by
) cryptocurrency whose value is tied to another currency (stablecoin), ex., Central Bank Digital Currency (CBDC), and cryptocurrency whose value is not tied to another currency (blank coin), ex., Bitcoin, and (2.2
leading companies like Visa, MasterCard, Paypal, eBay and Uber – has introduced a cryptocurrency called “Libra” which is expected to be used as the digital currency in 2020. Libra is expected to become
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
: * Digital Assets (DA) refer to (1) investment tokens and (2) crypto assets, i.e., (2.1) cryptocurrency whose value is tied to another currency (stablecoin), ex., Central Bank Digital Currency (CBDC), and
operators must be the financial institutions under the Anti-money Laundering Law. The SEC may exempt the requirements for certain types of digital token offering or digital asset businesses. In case of law
Earlier, the SEC conducted a public hearing on proposed principles and amendments regarding the exemption of the digital asset fund manager license for SCs and AMCs managing MF and PF investments in
sustainability-related products and ensure that investors have sufficient information for making well-informed investment decisions. The key points of the proposed regulations are as follows: 1) Digital token
applicants asking to become digital token and cryptocurrency advisers will be set at 15,000 baht each, and license fees for digital token and cryptocurrency fund managers will be 500,000 baht each. SEC