You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

July 31, 2018

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

Subscribe to Updates
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.

RELATED PROFESSIONAL

Industries

Technology

Location

RELATED INSIGHTS​ 

March 29, 2022
On March 28, two lawyers from Tilleke & Gibbins’ corporate and commercial group—Nopparat Lalitkomon, senior associate, and Gvavalin Mahakunkitchareon, associate—spoke at an event titled “PDPA Is Coming: What Should I Be Doing Now?” hosted by the Thai-Norwegian Chamber of Commerce (NorCham) in Bangkok. During the in-person session, Gvavalin and Nopparat presented on the following topics: Impact of the Personal Data Protection Act (PDPA) on Thai companies; Advice on how to prepare and implement PDPA compliance procedures; Overview of PDPA subordinate regulations; and Penalties for failure to comply with PDPA provisions, and key lessons from the General Data Protection Regulation (GDPR) in the EU. As the PDPA is set to come into effect on June 1, 2022, after repeated delays caused by the pandemic, the session was very well attended by representatives of companies looking to ensure that their data protection policies and practices are in line with the new law.
Read More
March 11, 2022
On March 10, Nopparat Lalitkomon, a senior associate in Tilleke & Gibbins’ corporate and commercial group in Bangkok, was featured in the Lexology Connect: Philippines 2022 webinar to address regulatory risks and data management in Thailand. Nopparat appeared in the webinar session titled “Redefining Data” to give perspectives on data protection practices and trends elsewhere in the region. During the discussion, he provided an overview of the data privacy framework in Thailand, shared useful tips for managing and preventing data leaks, and addressed key elements of cross-border data transactions. His presentation assisted legal professionals in the Philippines to have a better understanding of the differences between the two countries’ data protection regulations, so that legal practitioners in Philippines could better serve clients who have concerns related to data management in Thailand.
Read More
February 28, 2022
On February 25, Krisna Bovornratanaraks, counsel in the firm’s Bangkok office; Nopparat Lalitkomon, senior associate of the firm’s corporate and commercial group; and Pongpalin Chantrapirom, associate in the firm’s dispute resolution group, offered a webinar titled “The Relation between Cyber Threats and Personal Data Protection: What Thai Businesses Need to Know.” The session was presented in conjunction with Metro System Corporation, Thailand’s Ministry of Digital Economy and Society (MDES), and the National Cyber Security Agency (NCSA). During the presentation, the speakers discussed notable cyber threat cases around the globe, the principles behind Thailand’s Personal Data Protection Act (PDPA), the PDPA’s approach to cyberattack issues, and case studies from European countries. A recording of the webinar (in Thai) is available on the Tilleke & Gibbins YouTube channel.
Read More
February 18, 2022
On February 8, Nopparat Lalitkomon, senior associate, and Thammapas Chanpanich, associate, both in the firm’s corporate and commercial group in Bangkok, delivered a joint Thai-language webinar entitled “Personal Data Protection Guidelines for Insurance Industry.” During the session, the speakers focused on the relevance of the Personal Data Protection Act (PDPA)—which is expected to come into force on June 1, 2022—to the insurance industry. Specifically, they discussed the following topics: Key principles of personal data collection; Scope of establishing the principle of legality for insurance companies; Notification of data collection and data processing activities in accordance with the law; Procedures of execution between insurance companies and their counterparties; and Managing personal data collected prior to the effective date of the PDPA. A recording of the webinar (in Thai) is available to watch on the Tilleke & Gibbins YouTube channel.
Read More