Crypto Memes by FZ

#DigitalAssetBill 📜 Key Highlights of the 2025 Digital Asset Law Amendments 1. Extraterritorial Application to Foreign Platforms The Emergency Decree on Digital Asset Businesses (No. 2) B.E. 2568 (2025) extends regulatory requirements to foreign digital asset service providers that offer services to users in Thailand. Such platforms must now obtain licenses from the Thai Securities and Exchange Commission (SEC) and comply with Thai regulations. The law specifies that platforms are considered to be operating in Thailand if they:   • Provide services in the Thai language. • Accept payments in Thai baht. • Market or target Thai users.  2. Enhanced Cybercrime Prevention Measures The decree grants Thai authorities increased powers to suspend telecommunications services and remove illegal digital content linked to cybercrime activities. This includes the authority to block unlicensed digital asset platforms and take decisive action against financial and cybercriminal activities.   3. Clarification of Regulatory Scope The amendments provide clearer definitions of what constitutes a digital asset business operating within Thailand, ensuring that both domestic and foreign entities are subject to consistent regulatory standards.  ⸻ 📈 Implications for the Digital Asset Industry These legislative changes signify Thailand’s commitment to fostering a secure and transparent digital asset ecosystem. By holding foreign platforms accountable and enhancing cybercrime prevention measures, the Thai government aims to protect investors and maintain financial stability. For platforms like Binance, it’s crucial to assess compliance with these new regulations, especially if services are offered to Thai residents. Engaging with the Thai SEC and ensuring adherence to local laws will be essential to continue operations within the country.