Cryptocurrencies and ICOs Now Regulated in Thailand

25.06.18

Cryptocurrencies and ICOs Now Regulated in Thailand (law and draft regulations as of 10 June 2018)

Following the enactment of the Emergency Decree on the Digital Asset Businesses B.E. 2561  (A.D. 2018) ("Digital Asset Businesses Decree") and the Emergency Decree on the Amendment of the Revenue Code (No. 19) B.E. 2561 (A.D. 2018) ("Amendment of the Revenue Code Decree"), which became effective on 14 May 2018, the Office of the Securities and Exchange Commission (SEC) held a public hearing on the draft of related sub-regulations to be issued under the Digital Asset Businesses Decree on 16 - 30 May 2018. These sub-regulations are expected to be officially issued within June 2018.

Here is the overview of how Digital Assets, which comprise of Cryptocurrencies and Digital Tokens (e.g. those raised through so-called ICOs or token crowd sales), are to be regulated and taxed in Thailand...

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Patcharaporn Korbuakesorn
Head of Membership, Events & Communication

+66 (0) 2-055-0620

patcharaporn(at)gtcc.org