{"id":8453,"date":"2022-09-05T12:24:40","date_gmt":"2022-09-05T05:24:40","guid":{"rendered":"https:\/\/belaws.com\/thailand\/?p=8453"},"modified":"2025-02-06T16:29:42","modified_gmt":"2025-02-06T09:29:42","slug":"new-digital-asset-regulations","status":"publish","type":"post","link":"https:\/\/belaws.com\/thailand\/new-digital-asset-regulations\/","title":{"rendered":"SEC issues new digital asset advertisement regulations"},"content":{"rendered":"<div id='breadcrumb_section'  class='avia-section av-ksd0xiy5-8d7aad9d55850bb423a0559dd08c567f main_color avia-section-default avia-no-border-styling  avia-builder-el-0  el_before_av_section  avia-builder-el-first  sticky avia-bg-style-scroll av-minimum-height av-minimum-height-custom  container_wrap sidebar_right'  ><div class='container av-section-cont-open' style='height:20px'><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-8453'><div class='entry-content-wrapper clearfix'>\n<section  class='av_textblock_section av-ks8kyyfa-e516bae24dd4ed4f78e7dedb0aea1067'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock breadcrumb'  itemprop=\"text\" >\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-18myty-919e5cb9f68131fb6240d9c12261edb4\">\n.av_font_icon.av-18myty-919e5cb9f68131fb6240d9c12261edb4 .av-icon-char{\nfont-size:11px;\nline-height:11px;\n}\n<\/style>\n<span  class='av_font_icon av-18myty-919e5cb9f68131fb6240d9c12261edb4 avia_animate_when_visible av-icon-style- avia-icon-pos-left av-no-color avia-icon-animate'><span class='av-icon-char' aria-hidden='true' data-av_icon='\ue874' data-av_iconfont='entypo-fontello' ><\/span><\/span>\n<div style=\"padding-left: 15px\"><span class=\"\"><a href=\"https:\/\/belaws.com\/thailand\/\">Belaws Home<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/\">Thailand<\/a> \u203a\u203a <a href=\"https:\/\/belaws.com\/thailand\/blog\">Blog<\/a><\/span> \u203a\u203a SEC issues new digital asset advertisement regulations<\/div>\n<\/div><\/section>\n\n<\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='av_section_2'  class='avia-section av-re718-f933e9e3a470259eecd4d4692aaacea2 main_color avia-section-no-padding avia-no-border-styling  avia-builder-el-3  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-8453'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd27few-1f8c384e085c379baccb5abbe326157c\">\n#top .hr.hr-invisible.av-ksd27few-1f8c384e085c379baccb5abbe326157c{\nheight:100px;\n}\n<\/style>\n<div  class='hr av-ksd27few-1f8c384e085c379baccb5abbe326157c hr-invisible  avia-builder-el-4  el_before_av_two_fifth  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-gmj0k-ac56bb06b98c278ca7684f46c4d7723e av_two_fifth  avia-builder-el-5  el_after_av_hr  el_before_av_three_fifth  first av-break-at-tablet flex_column_div '   ><p><section  class='av_textblock_section av-kscys0p5-d0fe1da2549b5d38fb08e5d3e4dbc794'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock sur-titre_bleu'  itemprop=\"text\" ><p>news &#8211; crypto<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lra90-9ab3f8d48a81ed396ae07bbaafa596f6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h1_bleu_post'  itemprop=\"text\" ><h1><b>SEC issues new digital asset advertisement regulations<\/b><\/h1>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b3jfo-03f63b84c9a76d84e1713c05a87923fd\">\n#top .hr.hr-invisible.av-b3jfo-03f63b84c9a76d84e1713c05a87923fd{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-b3jfo-03f63b84c9a76d84e1713c05a87923fd hr-invisible  avia-builder-el-8  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kscyalj7-2ad25b68643e9517389c1de031001cff'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p><span style=\"font-weight: 400\">05\/09\/2022<\/span><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-2mj4cc-546fb3795883e77cb448506a33b339b7'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_18'  itemprop=\"text\" ><p>Thailand&#8217;s Securities and Exchange Commission (SEC) has introduced a new set of rules on advertising digital assets in Thailand. Under the new regulations, digital asset operators must provide details of any ads and spending involved, including the use of influencers and bloggers to the SEC.<\/p>\n<p>There is also a new set of guidelines for companies to follow in relation to advertising as well.<\/p>\n<p>The SEC has stated that operators have 30 days to comply with the new rules.<\/p>\n<\/div><\/section><\/p><\/div><div class='flex_column av-bmm5w-737f28be9bb008277e27311ae0eaf479 av_three_fifth  avia-builder-el-11  el_after_av_two_fifth  avia-builder-el-last  av-break-at-tablet flex_column_div '   ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscy8en7-34bcaf8ebff1280abeb2e8a4029ac579\">\n.avia-image-container.av-kscy8en7-34bcaf8ebff1280abeb2e8a4029ac579 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-kscy8en7-34bcaf8ebff1280abeb2e8a4029ac579 av-styling- avia-align-center  avia-builder-el-12  avia-builder-el-no-sibling  radius_10 img'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-8454 avia-img-lazy-loading-not-8454 avia_image' src=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/09\/SEC-issues-new-digital-asset-advertisement-regulations.png\" alt='Updated entry requirements for entering Thailand' title='Updated entry requirements for entering Thailand'  height=\"800\" width=\"990\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/09\/SEC-issues-new-digital-asset-advertisement-regulations.png 990w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/09\/SEC-issues-new-digital-asset-advertisement-regulations-600x485.png 600w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/09\/SEC-issues-new-digital-asset-advertisement-regulations-300x242.png 300w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/09\/SEC-issues-new-digital-asset-advertisement-regulations-768x621.png 768w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/09\/SEC-issues-new-digital-asset-advertisement-regulations-495x400.png 495w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/09\/SEC-issues-new-digital-asset-advertisement-regulations-845x684.png 845w, https:\/\/belaws.com\/thailand\/wp-content\/uploads\/2022\/09\/SEC-issues-new-digital-asset-advertisement-regulations-705x570.png 705w\" sizes=\"(max-width: 990px) 100vw, 990px\" \/><\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4\">\n.avia-section.av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4{\nbackground-color:#fafafa;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-kscyoqk4-666a58ff317ddf61a5914fb400fd87f4 main_color avia-section-default avia-no-border-styling  avia-builder-el-13  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-8453'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l15wxy29-cae6e9f0b4557b5102ed6f7645765103\">\n#top .hr.hr-invisible.av-l15wxy29-cae6e9f0b4557b5102ed6f7645765103{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-l15wxy29-cae6e9f0b4557b5102ed6f7645765103 hr-invisible  avia-builder-el-14  el_before_av_textblock  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kwobeftn-a4b402e7c7edab035ab41e4c2b013747\">\n#top .av_textblock_section.av-kwobeftn-a4b402e7c7edab035ab41e4c2b013747 .avia_textblock{\ncolor:#ffffff;\n}\n<\/style>\n<section  class='av_textblock_section av-kwobeftn-a4b402e7c7edab035ab41e4c2b013747'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock post_text_highlighting av_inherit_color'  itemprop=\"text\" ><p>Key Points<\/p>\n<ul>\n<li>Advertisements to digital assets will now be subject to stricter rules and requirements including warnings about the risk involved with trading such assets.<\/li>\n<li>Digital Asset advertisers are now required to provide details of any upcoming ads and spending involved, terms and time frame to the SEC.<\/li>\n<li>Advertisers have 30 days to comply with the new regulations.<\/li>\n<\/ul>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ksd2ivxm-023071e5c33e5c283329416739e1beb3\">\n#top .hr.hr-invisible.av-ksd2ivxm-023071e5c33e5c283329416739e1beb3{\nheight:60px;\n}\n<\/style>\n<div  class='hr av-ksd2ivxm-023071e5c33e5c283329416739e1beb3 hr-invisible  avia-builder-el-16  el_after_av_textblock  el_before_av_two_third  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-fpevw-aab8acce1826d370629f645f34d6bd3b av_two_third  avia-builder-el-17  el_after_av_hr  el_before_av_one_third  first av-break-at-tablet flex_column_div '   ><section  class='av_textblock_section av-kscytnto-6f8bd4ca8aa4b5f4311495ee3b7802c6'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>Why have these regulations been introduced?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-8ohy4-ba2bc652f51fc02aca7b4faa3ec86cd2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>Digital asset and crypto companies in Thailand have been advertising heavily on digital\/social media platforms, media print and billboards in order to promote the industry around Bangkok and Thailand.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l7ob3ngn-f07663bf23f83a2450df7206bfba2b24'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>However, there have been a few recent incidents which have had an adverse effect on digital asset companies in Thailand and attracted some scrutiny from the regulators. As a result of these incidents, Thailand&#8217;s regulator, the SEC, has recently handed out fines to crypto companies. These fines have come at a time when many such companies have been struggling due to the global slump in the value of digital currencies.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l7ob3whf-27633d70efa087310a371867ff9d6586'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>An example of such an incident is an executive from one of Thailand&#8217;s most popular portals, Bitkub, being fined 8.5 million baht ($231,670.75) this week for insider trading. Following on from this, Thailand&#8217;s fourth largest lender by assets, SCBX, backed out of their $500 million acquisition of Bitkub, stating regulatory concerns as the main reason.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l7ob44gs-bcad80185dc77f206f13280d65ca6acb'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>Furthemore, another leading portal in Thailand, Zipmex, was fined 1.92 million baht on Wednesday for suspending withdrawals in late July.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5qfjul-5376890c2c27affa3f6b0f247ded4a40\">\n#top .hr.hr-invisible.av-5qfjul-5376890c2c27affa3f6b0f247ded4a40{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-5qfjul-5376890c2c27affa3f6b0f247ded4a40 hr-invisible  avia-builder-el-23  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-l6ovcqz3-74e72c887c7acedd3cdc2aa7e9f0ec10'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>What are the new regulations for digital asset advertisements?<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l15x27pf-d0bde0c04e73ca6d5e54854b65c7527e'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>The new rules are a clear statement from the SEC that incidents such as those mentioned above cannot continue. The new regulations have made it clear that all adverts relating to digital assets must include a clear warning highlighting the investment risks in and provide a balanced view of potential risk and returns.<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l1eiuhjl-e83f7b9401732ccda02948a672f856ba'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>In addition to this, information of advertising terms and the financial cost of the ads must also be given to regulators.<\/p>\n<p>We have included more details relating to the new crypto advertising regulations below:<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-l1eiut1n-0604f854d16467b9ec46c02c914485ad'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><ul>\n<li>Advertisements must not feature false, misleading or exaggerated claims<\/li>\n<li>Warnings of risks must be clear and easy to notice<\/li>\n<li>The ads must feature balanced views, mentioning both positive and negative factors<\/li>\n<li>Crypto firms must limit advertising to official channels like their websites<\/li>\n<\/ul>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-26qxii-a7a9626bf92acd7e3dc24f7741ef22ba\">\n#top .hr.hr-invisible.av-26qxii-a7a9626bf92acd7e3dc24f7741ef22ba{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-26qxii-a7a9626bf92acd7e3dc24f7741ef22ba hr-invisible  avia-builder-el-28  el_after_av_textblock  el_before_av_textblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-kyl070t4-c7d1bf9ad35d6da4ed768939f0001eb2'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h2_bleu_post'  itemprop=\"text\" ><h2>In conclusion<\/h2>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kwk5krax-8cf830073755e0902f70da8e3912ca4a'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>It is fair to say that Thailand has embraced the adoption of digital currency &amp; digital assets and ranks among the top 10 nations of digital asset holders. <span style=\"font-weight: 400\">However, the recent incidents have caused quite a stir in Thailand and forced the SEC into action and introduce these new changes for digital asset advertisments in Thailand.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you need more information about digital assets and crypto in Thailand, why not talk with one of our experts right now.<\/span><\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-31  el_after_av_textblock  el_before_av_textblock  bouton-cta' ><a href=\"https:\/\/wa.me\/+66636955945\" class=\"avia-button av-l7ob776h-f1846fb0f56e97a876138f09f3a33297 avia-icon_select-yes-right-icon avia-size-large avia-position-left avia-color-theme-color\" target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Talk to an expert<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\uf232' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n<section  class='av_textblock_section av-l1em39vy-7f9e676ed4f0527b09f5dd57fb2a242f'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p>For a full list of our Blockchain services, <a href=\"https:\/\/belaws.com\/thailand\/legal\/blockchain-expertise\/\" target=\"_blank\" rel=\"noopener\">please see here.<\/a><\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-kwblafeu-fa8abdc7a421e9b5fd2c4bc45ad5f636'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_16'  itemprop=\"text\" ><p><em>Please note that this article is for information purposes only and <strong>does not constitute legal advice<\/strong>.<\/em><\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-zyp8-41a00f5f67705ff7f7f0e4aaa8988d15\">\n#top .hr.hr-invisible.av-zyp8-41a00f5f67705ff7f7f0e4aaa8988d15{\nheight:80px;\n}\n<\/style>\n<div  class='hr av-zyp8-41a00f5f67705ff7f7f0e4aaa8988d15 hr-invisible  avia-builder-el-34  el_after_av_textblock  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-azojo-a5db05410c30079af87f679b6ef91fd8\">\n.flex_column.av-azojo-a5db05410c30079af87f679b6ef91fd8{\nborder-radius:0px 0px 0px 0px;\n-webkit-border-radius:0px 0px 0px 0px;\n-moz-border-radius:0px 0px 0px 0px;\npadding:0px 30px 30px 30px;\nbackground-color:#fafafa;\n}\n<\/style>\n<div class='flex_column av-azojo-a5db05410c30079af87f679b6ef91fd8 av_one_third  avia-builder-el-35  el_after_av_two_third  el_before_av_hr  av-break-at-tablet flex_column_div '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslkbhig-edfbb769ec414c16ec07823d03873c46\">\n#top .hr.hr-invisible.av-kslkbhig-edfbb769ec414c16ec07823d03873c46{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-kslkbhig-edfbb769ec414c16ec07823d03873c46 hr-invisible  avia-builder-el-36  el_before_av_hr  avia-builder-el-first  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" 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rel=\"noopener noreferrer\"><span class='avia_iconbox_title' >Book now<\/span><span class='avia_button_icon avia_button_icon_right' aria-hidden='true' data-av_icon='\ue88d' data-av_iconfont='entypo-fontello'><\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50\">\n#top .hr.hr-invisible.av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-1xgc7i-1f7cbfe8fdc424141cc6b6f218a09d50 hr-invisible  avia-builder-el-41  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-p84k-4017eaf9b1649a60b0ff810854b78620'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock text_14'  itemprop=\"text\" ><p>Our consultations last for a period of 1 hour and are conducted by our Blockchain experts Lawyers who are fluent in English, French and Thai.<\/p>\n<p>Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our Blockchain experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6\">\n#top .hr.hr-invisible.av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-kslm1kpi-e6d522183c5eda06f320ce62b63c40c6 hr-invisible  avia-builder-el-43  el_after_av_textblock  el_before_av_codeblock  av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<br \/>\n<br \/>\n<br \/>\n<br \/>\n<\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-kwbmgoj8-6dc09b81cb16036ac7d89efee366ca1b\">\n#top .hr.hr-invisible.av-kwbmgoj8-6dc09b81cb16036ac7d89efee366ca1b{\nheight:160px;\n}\n<\/style>\n<div  class='hr av-kwbmgoj8-6dc09b81cb16036ac7d89efee366ca1b hr-invisible  avia-builder-el-49  el_after_av_one_third  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-bvgc2y-eb17c92a21c7c518da319ff12a87d43b\">\n.avia-section.av-bvgc2y-eb17c92a21c7c518da319ff12a87d43b{\nbackground-color:#dfeef6;\n}\n<\/style>\n<div id='faq'  class='avia-section av-bvgc2y-eb17c92a21c7c518da319ff12a87d43b main_color avia-section-default avia-no-border-styling  avia-builder-el-50  el_after_av_section  el_before_av_section  avia-bg-style-scroll container_wrap sidebar_right'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-small alpha units'><div class='post-entry post-entry-type-page post-entry-8453'><div class='entry-content-wrapper clearfix'>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-b6fwyi-abb0a1c60a2fed29a0a44654b0a827f1\">\n#top .hr.hr-invisible.av-b6fwyi-abb0a1c60a2fed29a0a44654b0a827f1{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-b6fwyi-abb0a1c60a2fed29a0a44654b0a827f1 hr-invisible  avia-builder-el-51  el_before_av_one_full  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n<div class='flex_column av-9lqt0q-d7c6b18013d835f1c8433cc5cf8c949a av_one_full  avia-builder-el-52  el_after_av_hr  el_before_av_hr  first av-break-at-tablet flex_column_div '   ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-7nh0hm-5e3721b7899b9be1bb082be80e30ad14\">\n#top .hr.hr-invisible.av-7nh0hm-5e3721b7899b9be1bb082be80e30ad14{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-7nh0hm-5e3721b7899b9be1bb082be80e30ad14 hr-invisible  avia-builder-el-53  el_before_av_textblock  avia-builder-el-first  av-desktop-hide av-medium-hide av-small-hide av-mini-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-6d7ui2-9a5204aadbaf2351f7ffcb3bc1fd2834'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock h3_bleu'  itemprop=\"text\" ><h3 style=\"text-align: left\">Frequently asked questions<\/h3>\n<\/div><\/section><br \/>\n<div  class='togglecontainer av-l6oyv4gw-6494f2492ec188aa9d648b3b68b42eff  avia-builder-el-55  el_after_av_textblock  el_before_av_hr  av-accordion-style-2 toggle_close_all'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/FAQPage\" >\n<section class='av_toggle_section av-3yc26y-11618284d810b45b020f4b864b8f3451'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-1' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-1'>What is a CBDC?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-1' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>A retail CBDC is a form of digital currency. Holding a CBDC is equivalent to holding banknotes or real currency. One of the benefits of CBDCs is that they are effectively risk-free.According to the International Monetary Fund, approximately 100 countries, including China and Cambodia are currently exploring the use of CBDCs.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-3468oq-52f1feac8c557e72588b85e1adba9400'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-2' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-2'>How does a CBDC work?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-2' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><section class=\"av_textblock_section av-l15x27pf-d0bde0c04e73ca6d5e54854b65c7527e\">\n<div class=\"avia_textblock text_16\">\n<p>As part of the pilot scheme, there will be 2 phases.<\/p>\n<p>The first phase involves the retail CBDC being used in cash-like activities such as paying for goods and services.<\/p>\n<p>During this phase, the CBDC will be available for use in limited areas and in about 10,000 retail businesses. The areas in which the CBDC will be used have been selected by the BOT, along with Bank of Ayudhya (Krungsi), Siam Commercial Bank (SCB) and 2C2P (Thailand).<\/p>\n<p>This first phase of testing is expected to commence by the end of 2022 and will last until mid-2023.<\/p>\n<\/div>\n<\/section>\n<section class=\"av_textblock_section av-l1eiuhjl-e83f7b9401732ccda02948a672f856ba\">\n<div class=\"avia_textblock text_16\">\n<p>The second phase of the pilot scheme will be the \u201cInnovation Track\u201d. This phase will be used to focus on programmability and how to facilitate the development of the CBDC. This phase is expected to result in new financial services being created for a wide range of customers and to help the BOT develop and improve the design of CBDC to suit Thailand.<\/p>\n<\/div>\n<\/section>\n<section class=\"av_textblock_section av-l1eiut1n-0604f854d16467b9ec46c02c914485ad\">\n<div class=\"avia_textblock text_16\">\n<p>Additionally, as part of the 2nd phase, the BOT will allow the private sector and the public to present business use cases for the retail CBDC. These presentations will be shared as part of what will be known as the \u201cCBDC Hackathon\u201d.<\/p>\n<p>Applications for those who wish to participate in the Hackathon will be available from the 5 August \u2013 12 September 2022.<\/p>\n<\/div>\n<\/section>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-l6oyrc5s-40310aa230f849a860ace7227f1e5791'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-3' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-3'>What are the different types of CBDC?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-3' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>There is 2 type of CBDC, Wholesale CBDC and General Purposes CBDC.<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-l6oytao3-96f1359e9303ab7683f0570ba8ab16f4'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-4' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-4'>What is the difference between Stablecoin, CBDC, Cryptocurrency?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-4' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p><strong>Cryptocurrency:<\/strong> It is a digital assets for medium of exchange whose ownership is recorded in distributed ledger in the blockchain<\/p>\n<p><strong>Stablecoin:<\/strong> Cryptocurrency whose value refers to external assets.<\/p>\n<p><strong>CBDC:<\/strong> Digital currency or money that is directly issued by a central bank of Thailand<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-l6oytzyh-f79e5bfdf718ac85425250231db19714'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-5' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-5'>What countries are leading the CBDC race?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-5' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>For now China and Sweden are in the pilot project stage. Singapore has completed the research stage and soon Thailand<\/p>\n<\/div><\/div><\/div><\/section>\n<section class='av_toggle_section av-l6oyv38a-223606960bdaa17be99123cc6f8cc344'  itemscope=\"itemscope\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\" ><div role=\"tablist\" class=\"single_toggle\" data-tags=\"{All} \"  ><p data-fake-id='#toggle-id-6' class='toggler   '  itemprop=\"name\"  role='tab' tabindex='0' aria-controls='toggle-id-6'>Does a CBDC need a Blockchain?<span class=\"toggle_icon\"><span class=\"vert_icon\"><\/span><span class=\"hor_icon\"><\/span><\/span><\/p><div id='toggle-id-6' class='toggle_wrap  '   itemscope=\"itemscope\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" ><div class='toggle_content invers-color '  itemprop=\"text\" ><p>No it does not, the approach should be technologically agnostic, but if created properly, and the infrastructure supports it, the use of blockchain can provide many benefits.<\/p>\n<\/div><\/div><\/div><\/section>\n<\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4fsx2y-60d3280bbd09759125eb332b9dfbfbad\">\n#top .hr.hr-invisible.av-4fsx2y-60d3280bbd09759125eb332b9dfbfbad{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-4fsx2y-60d3280bbd09759125eb332b9dfbfbad hr-invisible  avia-builder-el-56  el_after_av_toggle_container  avia-builder-el-last  av-desktop-hide'><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2ku2yi-714fc826db840b14d9b8b12c9d5f4e25\">\n#top .hr.hr-invisible.av-2ku2yi-714fc826db840b14d9b8b12c9d5f4e25{\nheight:80px;\n}\n<\/style>\n<div  class='hr av-2ku2yi-714fc826db840b14d9b8b12c9d5f4e25 hr-invisible  avia-builder-el-57  el_after_av_one_full  avia-builder-el-last '><span class='hr-inner '><span 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