Thailand: Issued ruling in SEC Coordinated Action to Block Unauthorised Access to Digital Asset Service Providers' Platforms

On 19 April 2024, the Thai Securities and Exchange Commission (SEC), in collaboration with the Ministry of Digital Economy and Society and other relevant agencies, implemented an order to block access to unauthorised digital asset service platforms. This decision aims to enhance law enforcement capabilities and prevent the use of these platforms for money laundering related to online crime. The SEC will submit information on these unauthorised providers to the Ministry of Digital Economy and Society to initiate the legal process for blocking access, considering the impact on the public and aligning with international practices.