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 (“BOT”) Programmable Payment Sandbox. These amendments aim to include all types of digital asset business operators, including the newly classified Digital Asset Custodial Wallet Providers, and support digital financial innovation.