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July 31, 2018

TFTA Quotes Athistha (Nop) Chitranukroh on New Digital Asset Regulation

Thai FinTech Association

Athistha (Nop) Chitranukroh, partner in Tilleke & Gibbins’ corporate and commercial group and co-head of the firm’s technology practice, recently joined a panel under the topic of “Lawyers and Digital Asset Laws” at the Thai FinTech Association (TFTA) Forum #4: Digital Asset Talks in Bangkok.

During the panel, Athistha was quoted by the TFTA, a technology startup accelerator chaired by Korn Chatikavanij, the former finance minister of Thailand, and comprised of over 100 members from the public and private sectors.

Sharing her insights on the Royal Decree on Digital Asset Businesses, Athistha said, “We have to carefully study the new regulation. Those seeking to conduct initial coin offerings (ICO) in Thailand need to register their business and the process will involve a lot of detailed requirements.”

Athistha added, “When reviewing this royal decree, parties should consider which provisions will affect their activities. An example is if foreign shareholders will be involved in the digital asset business, which is often the case, requiring regulatory approval from different government agencies.”

While Athistha and other legal practitioners joining the panel all advised those seeking to conduct digital asset businesses in Thailand to carefully study the regulatory requirements, they agreed that the new digital asset regulation would provide a more secure business environment for investors and users in Thailand.

If you would like to read the full Thai-language article, please visit the TFTA website.