Thailand: Order on conditions for digital asset business operators to request approval for major shareholders enters into force

On 20 February 2026, the order on conditions for digital asset business operators to request approval for major shareholders enters into force. The order applies to digital asset business operators, including cryptocurrency exchanges, brokers, and dealers regulated under the Royal Decree on Digital Asset Business. It revises the definition of a major shareholder to include any person holding more than 5% of the total voting rights in a digital asset business operator, whether directly or indirectly, or any person with authority to control the management or operations of the operator, as determined by the Securities and Exchange Commission. It requires that digital asset business operators with shareholders that meet the revised definition, before the order enters into force, must submit a request for approval of such shareholders within 180 days from the date of publication in the Gazette.