Thailand: Revamped: The SEC’s New Framework for Ready-to-Use Utility Tokens

The Securities and Exchange Commission (the “SEC”) has recently approved amendments to the regulatory framework for ready-to-use utility tokens. These changes aim to better align regulations with the distinct characteristics, risks, and uses of each token type. The amendments are designed to ensure appropriate protection for users without...

Thailand: Enhanced Governance Standards for Digital Asset Operators

The Securities and Exchange Commission (the “SEC”) has updated the governance standards for digital asset business operators to establish robust corporate governance and operational oversight mechanisms that address the unique characteristics and risks associated with their business activities. Additionally, the SEC has revised the guidelines...

Thailand: Lessons to be Learned from the Global IT Outage: Key Steps to IT Resilience

The recent worldwide IT outage in July 2024 sent shockwaves through the global business community, serving as an important reminder of the vulnerabilities inherent in our interconnected digital world and highlighting the fundamental importance of IT resilience.

Thailand: SEC Proposes Amendment to Digital Asset Decree

The Office of the Securities and Exchange Commission (“SEC”) has recently sought a public hearing on the draft bill amending the Royal Decree on Digital Asset Business Operation, B.E. 2561 (2018) (“Draft Bill”) to rules regarding the use of digital assets for payments and the participation of digital asset businesses in the Bank of Thailand's...

Thailand: New Manual for Advertisements on Digital Platforms

The Electronic Transactions Development Agency (ETDA) issued a notification on 11 June 2024 regarding a new manual for overseeing advertising on digital platform services. The notification aims to prevent deception, illegal product or service offerings, and other unlawful activities related to advertising on digital platforms, which have become...