On 12 April 2025, The Royal Decree on the digital asset business operation (No. 2) B.E. 2568 (2025) has been announced to extend the scope of digital asset business operator under the Royal Decree on the digital asset business operation B.E. 2561 (2018) to covers digital asset exchanges located outside Thailand, but providing services to persons residing within Thailand. This Royal Decree shall enhance the enforcement of laws on the prevention and suppression of technological crimes, particularly in relation to the investigation and suspension of transactions. The amendment shall be as follows:
1. Expand the scope of the digital asset business operators by covering those who operate digital asset businesses outside Thailand but provide services to persons residing within Thailand, except where such services are provided in accordance with the notification prescribed by the Securities and Exchange Commission (SEC).
2. In addition, a digital asset business operator shall be deemed to be providing services to person residing within Thailand if any of the following characteristic is met:2.1) the content displayed by the digital asset business operator, in whole or in part, is presented in the Thai language,
2.2) the digital asset business operator is registered under a domain name using “.th”, or any other designation indicating an association with Thailand, or uses a domain name in the Thai language,
2.3) the digital asset business operator requires or allows service users to make payments in Thai Baht or accepts payments through deposit accounts or electronic accounts located in Thailand,
2.4) the terms and conditions stipulate that Thai law shall govern digital asset transactions, or legal proceedings shall be conducted in Thai courts,
2.5) payment is made to providers of location services or other computer data location services specifically to facilitate access to the operator’s services by users within Thailand,
2.6) the operator establishes an office, unit, or personnel to support or assist service users within Thailand, or
2.7) any other characteristics as prescribed by notification of the SEC.
The amendment on Royal Decree on the digital asset business operation_Bangkok Global Law