NO&T Thailand Legal Update
1. Introduction
Recently, the advent of disruptive technology has influenced major aspects of human lives, society and the economy. Various noteworthy technologies, e.g., blockchain, cryptocurrency, etc., have been developed to facilitate people’s lives. Thailand, among other countries, is endeavoring to accommodate, utilize and monitor these technologies. Additionally, in 2018, Thailand issued the Emergency Decree on Digital Asset Businesses of 2018 (“Emergency Decree”), which governs businesses in relation to cryptocurrency and digital tokens. This briefing will focus only on digital tokenization, particularly “Real Estate-backed ICOs”, and its relevant laws.
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