Thai Regulation of Fintech Business - Basic regulations concerning payment systems & digital asset businesses
Much like in the rest of the world, digital disruptions have pushed Thai entrepreneurs to develop various offerings involving Fintech: the combination of “finance “ and “technology” used to denote where the latter has been applied to the prior in the provision of enhanced banking or other financial services. For instance, Fintech may reference a new platform for, among others, internet banking through QR Code, an online market place (including a peer-to-peer lending platform), other matchmaking platforms (such as a digital exchange involving cryptocurrency and digital tokens) or the like. Accordingly, Thailand has enacted several laws and regulations for certain types of money and finance businesses which may impact public interest, especially those involving, e.g., electronic payment systems or digital...To read the full article, please see the PDF file
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Finance Law Newsletter / Asia Newsletter (May 28, 2021) (1.07 MB / 11 pages)
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