This briefing is the first in a four part series which also includes Thailand’s Licensing Regime for Digital Asset Businesses, Investor Protection in Thailand for ICOs and Digital Tokens, and LiVE: Thailand’s Blockchain-based OTC Platform for Startups.
Thailand’s Royal Decree on Digital Assets B.E. 2561 (2018) (“The Act”) one of the world’s first comprehensive regulatory regimes for cryptocurrency which became effective on 14 May 2018. The Securities and Exchange Commission (“SEC”) is the regulatory body in charge under the Act and oversees the licensing of exchanges, brokers and dealers in cryptocurrencies and the approval of Initial Coin Offerings (“ICO”) and ICO portals. This briefing outlines the regulation of ICOs and digital token offerings.