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🇹🇭 Thailand

Tiered SEC digital asset licensing with an actively enforced extraterritorial reach over offshore platforms serving Thai users.

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

Digital Asset Business licence under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), as amended (most significantly by an April 2025 amendment extending extraterritorial scope). Categories, each with its own capital tier: Digital Asset Exchange, Digital Asset Broker, Digital Asset Dealer, ICO Portal, Digital Asset Fund Manager, Digital Asset Advisory Service and Digital Asset Custodial Wallet Provider.

Verified 2 days agoSource: SEC Thailand licence-check portal: https://market.sec.or.th/LicenseCheck/views/DABusiness ; SEC Thailand, Digital Asset Business Operators: https://www.sec.or.th/EN/Pages/LawandRegulations/DigitalAssetBusiness.aspx

Regulator

Securities and Exchange Commission (SEC) Thailand is the primary licensing/supervisory authority; the Ministry of Finance formally grants the licence on SEC recommendation. The Ministry of Digital Economy and Society (MDES) holds blocking powers over unlicensed platforms (added by the 2025 amendment). The Bank of Thailand has a consultative role for certain payment-related and stablecoin aspects.

Verified 2 days agoSource: Thai Securities and Exchange Commission, Digital Asset Business Operators: https://www.sec.or.th/EN/Pages/LawandRegulations/DigitalAssetBusiness.aspx

Recent changes

April 2025: extraterritorial scope amendment plus MDES no-court-order blocking powers, the biggest regulatory shift in this period. 1 November 2024: new capital requirement notification (KorThor. 28/2567) took effect, phased to full compliance by 1 November 2025. May-June 2025: first major enforcement wave blocking 5 offshore exchanges. Early 2026: criminal complaints filed against local/overseas joint-operation arrangements, signaling a shift from blocking to prosecution. ERX rebranded as KuCoin Thailand in 2025 following acquisition by KuCoin, illustrating global exchanges entering via licensed local subsidiaries.

Verified 6 weeks agoSource: Global Legal Insights, Blockchain & Cryptocurrency Laws 2026 - Thailand: https://www.globallegalinsights.com/practice-areas/blockchain-cryptocurrency-laws-and-regulations/thailand/

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Thailand's regulator and qualified local counsel before acting.