On Friday Thailand’s Securities and Exchange Commission (SEC) opened applications for its Digital Asset Regulatory Sandbox. As with most sandboxes, the aim is to explore innovations in the sector which may not currently be allowed by legislation.
The term “digital asset” is often usually broadly, but has a specific meaning in Thailand. It includes both cryptocurrencies and digital tokens. Cryptocurrencies are classified as being used as a medium of exchange. In contrast, the feature of a digital token is it grants rights. It might be an investment token that provides rights in a project or business or a utility token used to receive goods, services or other rights. Thailand has specific rules for real estate tokens.
The sandbox covers both types of tokens and six roles:
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
