Thai SEC Digital Tokens Public Offering

On Mar. 25, Thai SEC issued rules on public offering of digital tokens.

  • Thai SEC announced amended rules on the offering digital tokens to the public.
  • Follow Thai SEC Jun. 2022 amended rules on offering of digital tokens, see #76230.
  • Document dated Mar. 25, 2024, received from Thai SEC Mar. 27, summarized Apr. 2.
  • Conflicts of Interest
  • Added provisions to introduce measures to prevent and manage conflicts of interest.
  • Further checks and balances on the performance of the applicant applying for public digital token offering, to ensure protection of the rights of digital token holders.
  • There should be a responsible person who can act independently to inspect the applicant, and ensure that the applicant manages the project according to the law.
  • At least once a year, an audit of management should be undertaken to ensure that the project or activities is in line with what was outlined in the original business plan.
  • Further measures on advertising, reporting requirements and token holder meetings.
  • Effectiveness
  • The announcement shall come into effect Apr. 16, 2024.

Regulators Thai SEC
Entity Types B/D
Reference RF KorJor. 7/2024, 3/25/2024
Functions Audit; Compliance; C-Suite; Financial; Legal; Registration/Licensing; Reporting
Countries Thailand
Products Cryptocurrency; Issuance/IPO; Securities
Regions AP
Rule Type Final
Rule Date 3/25/2024
Effective Date 4/16/2024
Rule Id 206502
Linked to Rule :76230
Reg. Last Update 3/25/2024
Report Section International

Last substantive update on 04/03/2024