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Thailand: Implemented Criteria for Digital Assets as Means of Payment

Policy overview

Description

Implemented Criteria for Digital Assets as Means of Payment

On 6 September 2024, the Thai Securities and Exchange Commission (SEC) implemented new criteria for digital asset business operators. Specifically, the updates expand the scope of prohibited uses of digital assets as means of payment, improve access…

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body

Complete timeline of this policy change

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2024-07-11
in consultation

On 11 July 2024, the Securities and Exchange Commission (SEC) opened a public consultation on its p…

2024-07-26
processing consultation

On 26 July 2024, the Securities and Exchange Commission (SEC) closes the public consultation on its…

2024-09-03
adopted

On 3 September 2024, the Thai Securities and Exchange Commission (SEC) adopted new criteria for dig…

2024-09-06
in force

On 6 September 2024, the Thai Securities and Exchange Commission (SEC) implemented new criteria for…