NO&T Asia Legal Review
Background
Similar to most countries, until recently, Thailand had no specific laws governing digital assets including offering of digital tokens and sale/purchase of cryptocurrency, exchange or brokerage activities thereof, etc. Despite the lack of regulation and caution from competent authorities, there were several companies in Thailand that have engaged in digital asset business e.g. JFIN Coin (digital tokens offered by a cellphone equipment company), and Tuk Tuk Pass (digital tokens planned for tourism service). This fast-changing trend in digital assets gave rise to the necessity of regulations by competent authorities.
In May 2018, the Emergency Decree on the Digital Asset Business of 2018 (the ” Decree”) was introduced. The Decree is the first law in Thailand to regulate, amongst other things, the offering of digital assets, supervision of businesses related to digital assets, and imposes penalties for breach.
Makoto Saito, Shinichiro Horaguchi, Yoshihisa Watanabe, Ramsay Randall (Co-author)
Makoto Saito, Shinichiro Horaguchi, Yoshihisa Watanabe, Ramsay Randall (Co-author)
Takehito Matsumoto
(June 2025)
Ichiro Oya, Masayuki Fukuda, Hideaki Suda, Tsutomu Endo (Co-author)
(May 2025)
Keitaro Oshimo
Ario Putra Pamungkas
(October 2024)
Sosuke Kimura (Co-author)
(September 2024)
Keiko Shimizu, Kensuke Suzuki, Takashi Itokawa (Co-author)
Patricia O. Ko
Ngoc Hoang
Yuan Yao Lee
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Patricia O. Ko
Ngoc Hoang
Yuan Yao Lee
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Yothin Intaraprasong, Yosuke Konno, Naruenad Charoenpakdee (Co-author)
Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Yothin Intaraprasong, Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
