ยากในการบังคับหลักประกัน กรณีข้างต้นถือว่าไม่ได้เป็นการลงทุนในพันธบัตรโดยตรง กรณีนี้ให้ใช้ substance เป็นหลักในการพิจารณา ซึ่งสอดคล้องกับการตีความมาตรา 126(5) ที่ห้าม
substance regarding digital asset prices Building Confidence in the Capital Market NEWS Securities and Exchange Commission Corporate Communication and Investor Service Department Tel. (66)2033-9502-5 E-mail
: การพิจารณาตราสารดังกล่าว ควรพิจารณาที่ Substance ของตราสารเป็นสำคัญ ดังนั้น แม้ว่าตราสารจะใช้ชื่อว่า Structured Notes แต่เมื่อมี 
directors, etc. Moreover, the Company recorded expense on customs duty assessment by the Customs Department of Baht 4 .20 million and money donation of Baht 0.9 million in the same period of 2018, while no
related to utility tokens or cryptocurrencies that have any of the following characteristics: (1) Meme token: having no clear objective or substance or underlying, and whose price running on social
focus beyond returns or profits. Business can develop and move toward sustainability with 3 key aspects. The first one is ?CG in substance? which signifies good governance in substance and practice, not
which are divided into six parts. The summaries of the essence are as follows: (1) amends the definition of “Securities” in Section 4 to cover other investment products that have substance like
million therefore has a gain on reserve. - Administrative expenses for the year of 2019 increased by 6.34% due to the penalty tax of customs of 2014 and 2015 of Baht 6.33 million, new law changed of long
quarter of 2018, the company had a gain from the exchange rate of 1.10 million baht - Administrative expenses for the first quarter of 2019 increased by 57.34% due to the increase in customs fees of 2014
quarter of 2018, the company had a gain from the exchange rate of 1.28 million Baht. - Administrative expenses for the second quarter of 2019 decreased by 9.03% due to the penalty tax of customs of 2014 and