first bilateral memorandums of understanding designating multilateral cooperation for digital transformation of the Thai capital market in line with Thailand 4.0 Blueprint, on 27 May 2019 at the SEC
Dr. Chaiwat Wibulswasdi, Chairman, Capital Market Development Fund, revealed that the CMDF board has approved in principle by supporting the Thai Capital Market’s digital infrastructure under the
SEC has planned to adopt the DLT or other digital technologies into digital infrastructure of Thai Capital Market. The DLT automatically distributes information to every party in the network in
SEC revealed that the Digital Infrastructure for Capital Market Committee, with SEC Secretary-General Ruenvadee Suwanmongkol as chair of the committee, had held the first meeting on 6 November
adjusting supervision and operation in compliance with the law on digital technologies to ensure that transactions in the Thai capital market are in line with the law. We also foster creation of digital
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
at developing the Thai digital asset market. This includes coordinating with relevant authorities on tax matters and amending legislations related to digital assets and oversight regulations in the
fundraising for SMEs and startup as well. (5) Developing digital infrastructure for the Thai capital market : Distributed Ledger Technology (DLT) to support transactions of all products including
innovations in the Thai capital market in the move towards digital transformation in line with the 20-Year National Strategy (2018 - 2037), the 12th National Economic and Social Development Plan (2017-2021
for licenses as trading centers, brokerage firms and traders for digital assets from SEC.”Those seeking a digital asset license must contain the key qualifications as follows: (1) a Thai company as a