licencemap
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Matrix / Thailand

🇹🇭 Thailand

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

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-02 Next review 2026-07-16

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

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). Distinct categories: Digital Asset Exchange, Digital Asset Broker, Digital Asset Dealer, ICO Portal, and Digital Asset Fund Manager, each with its own capital tier and asset-keeping vs. non-asset-keeping sub-conditions.

Verified 2026-07-02 Source: 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 2026-07-02 Source: Tilleke & Gibbins, Thailand Restricts Access to Illegal Digital Asset Services: https://www.tilleke.com/insights/thailand-restricts-access-to-illegal-digital-asset-services/46/

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MiCA CASPs approved 🔒

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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 2026-07-02 Source: Global Legal Insights, Blockchain & Cryptocurrency Laws 2026 – Thailand: https://www.globallegalinsights.com/practice-areas/blockchain-cryptocurrency-laws-and-regulations/thailand/

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Thailand's regulator and qualified local counsel before acting.