14. 14
Royal Decree regarding supervision of e-
Payment Service Businesses Conducted by
SFIs effective
Cabinet
approved
National e-
Payment
Master Plan
with several
projects
launched since
BOT regulatory developments
2016 2018
Jul Oct 2017 Apr Jul Oct 2018
issued
public
hearing on
P2P
lending
Set up specific FinTech
department
launched
FinTech
Regulator
y sandbox
Guiding Principles for Trusted
Mobile Payment
FIs exited BOT sandbox
and are allowed to provide
QR code payment service
via mobile apps
BOT circular
providing
guidelines
allowing FIs
to operate
digital asset
businesses
Issued KYC requirements for account
openings for accepting public deposits
and funds, allows FIs to accept
deposits/funds via electronic means
Guidelines on QR codes for payment
and money remittance
Final Draft FinTech Act will
be submitted via NLC
procedure
Payment
System Act and
sub-regulations
e-payment regulatory
developments
Completed
Ongoing
Notification
No. SorNorSor
3/2561 re :
Guideline on
Banking
Channels for
Commercial
Bank
Jul
Apr Oct
15. 15
Reduction of paid-up registered
capital
Sub-regulations issued
under the Emergency
Decree on Digital Assets
released.
Notifications regarding ICO,
ICO Portals, and Digital
Asset Businesses
(Exchange/Broker/Dealer)
2017 Jan Mar May Jul Sep Nov 2018
Set up specific FinTech department
Reg for equity crowdfunding allows
qualificate companies to crowdfund by
offering shares through an SEC approved
electronic platform
Launch of several regulatory sandboxes for
use of FinTech to support securities clearing
houses, depositories and registrars
Notification No. gor Thor. 22/2560
regarding regulatory sandbox for ETPs
Notification No. Gor Thor 22/2560
regarding regulatory sandbox for KYC
technology effective
SEC regulatory developments
Completed
Ongoing
2018
Public Hearing of
supervision principle
on applying FinTech
products to analyze
and provide
investment
suggestion
16. 16
2016 2018
Sep Nov 2017 Mar May Jul Sep Nov 2018 Mar May
Amendments to Computer Crime Act B.E.
2550 1/2/2017
Thai Cabinet approved draft bill to allow
private limited companies with one
shareholder1/5/2017
Set up of FinTech Committee
2/4/2017
Revenue Dept. grants tax
exemptions for VCs
2/21/2017
Draft National
cybersecurity Bill
under consideration
by the Council of
State
Latest amendments to Electronic
Transaction Act under consideration
SMART visa opens
National
digital ID
expected
to go live
Relaxation of BOT investment regulation
and consolidated supervision for
commercial banks
9/21/2016
MoC amendments to Civil
and Commercial Code to
allow more flexibility for
private companies
8/14/2017
SETs Live Platform
launched to provide
startups access to
capital from VCs,
CVCs and other
investors
Commercial banks can now
operate an e -Marketplace
platform
draft Personal
Data Protection
Bill is revised
Issued public hearing on
draft amendment on
the Credit Information
Business Act, revised to
include FinTech (P2P)
businesses as a FI
General regulatory and legal
development
VC regulatory
developments
Completed
Ongoing
Emergency Decree on
Digital Asset Business
B.E. 2561 (2017)
released
Jul Sep