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Regulations

​​​Digital Asset Business Operators


 “Digital Asset Business Operator" refers to a licensed operator of digital asset businesses, but not including operators who are commercial banks under the law on financial institution, insurance companies under insurance law and securities companies under the law on securities and exchange. Digital asset businesses are categorized into three types: (1) digital asset exchange; (2) digital asset broker; and (3) digital asset dealer.

  • Digital asset exchange means a center or a network established for the purposes of trading or exchanging of digital assets, which operates by matching orders or arranging for the counterparty or providing the system or facilitating a person who wishes to trade or exchange digital assets to be able to enter into an agreement or match the order, in the normal course of business, excluding the center or network in the manner as specified in the notification of the SEC.

  • Digital asset broker means a person who provides services or holds itself out to the public as available to provide services as a broker or an agent for any person with respect to the trading or exchange of digital assets in the normal course of business, in consideration of a fee or other remuneration, excluding the brokers or agents who act in the manner as specified in the notification of the SEC.

  • Digital asset dealer means a person who provides services or holds itself out to the public as available to provide services with respect to the trading or exchange of digital assets for its own account in the normal course of business outside the digital asset exchange, excluding the dealers who act in the manner as specified in the notification of the SEC.​

 

Related Manuals/Guidelines​

 

  • Applying for a license in undertaking the digital asset business

  • Guidelines in preparing documents demonstrating readiness of the operating system for undertaking the digital asset businesses

  • A list of relevant fees for licensing digital asset businesses

  • Qualifications of the applicants for approval of being authorized directors, managers, or the officers of  equivalent positions with different naming of the digital business operators

  • Clarifications on preparation of reports for digital asset operators​


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Related Rules and Regulations​ 

  • Emergency Decree on Digital Asset Businesses B.E. 2561 (2018)​

  • The Notification of the Ministry of Finance regarding licensing of digital asset businesses B.E 2561

  • The Notification of the Ministry of Finance regarding prescription of conditions for digital asset business operators to seek approval of the major shareholder

  • The Notification of the Securities and Exchange Commission No. GorThor. 19/2561 Re:  Rules, Conditions and Procedures for Undertaking Digital Asset Businesses

  • The Notification of the Securities and Exchange Commission No. GorMor. 17/2561 Re:  Determination of  fees for licensing of digital asset businesses

  • The Notification of the Securities and Exchange Commission No. GorThor. 20/2561 Re : Prescription of Paid-up Registered Capital of  a License Applicant in Undertaking Digital Asset Businesses

  • The Notification of the Securities and Exchange Commission No. GorThor. 11/2561 Re: Prescription of Specific Characteristics of  Service Providers which Are not Considered Digital Asset Exchange, Digital Asset Broker, nor Digital Asset Dealer

  • The Notification of the Securities and Exchange Commission No. GorThor. 21/2561 Re: Prescription of a License Format for Digital Asset Businesses under the Notification of the Ministry of Finance Regarding  Licensing of Digital Asset Businesses

  • The Notification of the Securities and Exchange Commission No. GorThor. 22/2561 Re: Prescription of an Application Form and Procedure for Applying for a License in Undertaking Digital Asset Businesses under the Notification of the Ministry of Finance regarding Licensing of digital asset businesses B.E 2561

  • The Notification of the Securities and Exchange Commission No. GorThor. 23/2561 Re: Prescription of an Application Form and Procedure for Applying for Approval for the Person Who is the Major Shareholder According to the Notification of the Ministry of Finance Regarding Prescription of Provisions that the Digital Asset Business Operators Must seek Approval for the Person who is the Major Shareholder

  •  The Notification of the Securities and Exchange Commission No. GorLorThor. 18/2561 Re: Prescription of Prohibited Characteristics of Directors and Executives of the Digital Asset Business Operators

  • The Notification of the Securities and Exchange Commission No. KorMor. 17/2561 Re: Prescription of Fees for Licensing of Digital Asset Businesses

  • The Notification of the Office of the Securities and Exchange Commission No. SorThor 34/2561 Re : Preparation of Reports on Calculation of Registered Capital

  •  The Notification of the Office of the Securities and Exchange Commission No. SorLorThor. 35/2561 Re: Approval of Directors or Executives of the Digital Asset Business Operators

  •  Notification of the Office of the Securities and Exchange Commission No.  SorThor. 36/2561 Re: Management and Maintenance of Information Related to the Operation of Digital Asset Businesses

  • The Notification of the Office of the Securities and Exchange Commission No. SorThor. 37/2561 Re: Approval of Auditors for the Digital Asset Business Operators

  • The Notification of the Office of the Securities and Exchange Commission No. SorThor. 39/2561 Re: Prescription of Factors in Determining Severity of Behaviors Which are Prohibited Characteristics of the Persons to Become or the Persons Who Are the Major shareholder of the Digital Business Operators

  • The Notification of Guidelines No. NorPor. 3/2561 Re:  Providing of Services for Clients to Invest in Overseas Digital Assets​

  • The Notification of the Office of the Securities and Exchange Commission No. SorJor. 44/2561 Re: A List of Cryptocurrencies Specified by the SEC (for transactions of exchange or trading pairs)



Related Forms ​

  • Application form for a license in undertaking digital asset businesses

  • A List of supplementary documents to the application for a license in undertaking digital asset businesses.

  • A Form for IT and Cyber risk assessment for digital asset business operators

  • Application form for approval of a person who is or will be the major shareholder of the digital asset operators

  • Form for Certification of the biography of the person who is or will become the major shareholder of the digital asset operators

  • Form for Certification of biography of the persons who is or will become the major shareholders approved by the present major shareholders of the digital asset operators 

  • A license for undertaking digital asset businesses

  • An application form for approval of the executives of the digital asset operators

  • A report form for the digital asset operators -FORMULA

  • A report form for the digital asset operators -NO FORMULA


For More Information

Digital Asset Supervision Department

dalicense@sec.or.th​