Thailand –Official Announcement of Regulations to prohibit the usage of Digital Assets as a Means of Payment
April 12, 2022
On 18 March 2022, the Securities and Exchange Commission of Thailand (SEC) officially announced the regulations to prohibit the usage of digital assets (i.e. cryptocurrencies and digital tokens) as a means of payment for goods and services with an effective date on 1 April 2022 (The Notification of the SEC no. KorThor 5/2565 re: regulations, conditions and methods of providing services by the digital asset business operator that must not be in the manner of supporting the usage of digital assets as means of payment for goods and services).