When creating regulations that govern disruptive technological innovations, law makers tend to act with caution as they take their time to understand the overall implications of such technologies in their jurisdiction. While there is currently no consensus around the world with regard to how they should be governed, Thai law makers have developed laws specific to cryptocurrencies and blockchain technology in the country in order to facilitate ventures in these sectors.
These laws include those put forward by the Securities and Exchange Commission regarding taxes on gains made from cryptocurrencies as well as general regulations on crypto exchanges, brokers, and dealers under the Royal Decree on Digital Asset Businesses.
Having said this, Silk Legal is Thailand’s leading firm in all matters related to cryptocurrencies and blockchain. We have handled several matters in this practice, particularly with regard to regulatory compliance, and helped clients navigate through the requirements in order to successfully establish a crypto and/or blockchain venture in the country. Among other matters, we have assisted in registering Thai digital asset businesses, advised on foreign legislation, and provided counsel on transactions that adhere to Thai laws.