Thailand: Closed Consultation on Qualifications and Prohibitions of Digital Asset Business License Applicants

On 27 November 2024, the Thai Office of the Securities and Exchange Commission closes its public consultation aimed at gathering opinions on the improvement of qualifications and prohibitions for digital asset business license applicants and related persons. This consultation sought to align the licensing process with securities guidelines and mitigate risks to investors should a service operator exceed their licensed scope, potentially leading to license revocation. The consultation follows a committee resolution in October to revise the Ministry of Finance's 2018 announcement on digital asset business licensing, specifically regarding operating without permission.