enactment of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), which requires that digital token issuers and digital asset business operators shall obtain approval and/or proper licenses
service providers involved in trading, exchange, custody, transfer, money withdrawal or any transactions related to digital assets in Thailand must obtain a license in accordance with the Emergency Decree
regard, the SEC urges investors to be cautious in making use of news coverage on securities offering or fund establishment and listed companies? profit forecast, if it has not approved by the SEC or not
SEC Secretary-General Ruenvadee Suwanmongkol said: “Digital asset businesses are regulated under the Emergency Decree on Digital Asset Businesses. Only providers who have obtained relevant licenses under the law are allowed to provide services related to digital asset trading, exchange, depository, transfer, withdrawal or any transactions related to digital assets in Thailand. Violators or those failing to comply with the law may be imposed with legal action.” On 2 July 2021, the SEC fil...
Bangkok, April 18, 2014 ? The SEC urged shareholders of GOLD and UV to carefully study information on valuation of GOLD?s assets in a proposed related party transaction at the upcoming shareholders? meeting on Monday 21 April, 2014.Referring to a proposal to sell 35 parcels of land with 11 buildings of Golden Land Property Development Plc. ("GOLD"), a subsidiary of Univentures Plc. ("UV"), to Sirisap Pattana Company Limited, a related person to GOLD and UV at 980 million baht, boards of director...
Increasingly, the public and listed companies begin to take interest in performing transactions related to digital assets in various forms such as investment in digital assets, accepting cryptocurrency payment for goods and services, and initial coin offering of utility tokens for exchange of goods and services of listed companies. This includes dissemination of news related to such investment or payment for goods or services of listed companies.In addition, on 8 July 2021 the Bank of Thailand (...
With reference to the recent occurrence, a foreign private digital wallet service provider has solicited investors in Thailand via social media to trade digital assets by linking investor trading activities with another foreign digital asset trading platform and allowing payment for the transactions made in Thai baht through Prompt Pay and Thai QR. Such provision of services may be deemed the undertaking of digital asset business without license, subject to the offenses under the Emergenc...
Bangkok, 27 June 2019 – This is in reference to the SEC Office’s order imposed by virtue of Section 58(1) of the Securities and Exchange Act, for Energy Earth Public Company Limited (EARTH) to clarify and disclose information in the following matters: (1) the true existence and legal rights on the coal mines, and (2) the report on the re-assessment results of the fair values of the mining property rights over two coal mines in Indonesia, which EARTH had acquired from exchange of the comp...
digital token issuers and digital asset business operators shall obtain approval and/or proper licenses to alleviate the risk of frauds. Moreover, it is advisable to be cautious when being solicited to