The Emergency Decree on Digital Assets Business B.E. 2561is a new law being promulgated in 2018 and came into force on 14 May 2018.
The Emergency Decree on Digital Asset Business was enactment with aims to regulate public fundraising through digital token offerings, digital asset business operations, and private digital asset activities whereas digital assets being subject to this decree includes cryptocurrency and digital tokens which have the following characteristics:
Cryptocurrency means an electronic data unit created on an electronic system or network for the purpose of being used as a medium of exchange for the acquisition of goods, services or any other rights, or the exchange between digital assets.
Digital token means an electronic data unit created on an electronic system or network for the purpose of (1) specifying the right of a person to participate in an investment in any project or business; or (2) specifying the right of a person to acquire specific goods, specific service, or any specific other right under an agreement between the issuer and the holder, and shall include any other electronic data units of right as specified in the notification of the SEC.
Digital Asset Services Service for Digital Assets
Inter Consultant Law and Business Co., Ltd. offers the following services related to digital asset business operations:
Advice and consulting on digital asset law.
Legal audit services in digital asset transactions
Professional services for reviewing digital asset management policies, activation of digital asset wallets, both hot wallet and cold wallet
Advice on criteria for selection and delisting of digital assets to be traded.
Advice on other transactions related to digital asset business operations