In light of information circulated on social media indicating that certain individuals are providing digital asset trading and exchange services outside licensed digital asset exchanges, the SEC hereby issues a warning that certain activities may constitute the undertaking of digital asset businesses without licenses. For example, operating digital asset trading or exchange services, acting as a digital asset broker, dealer or agent, and providing digital asset investment advisory services in the ordinary course of business. Such activities may constitute legal violations punishable by imprisonment and fines*. 

The SEC advises the public and investors to take precaution before using services provided by unlicensed digital asset business operators, as they may fall victim to fraud and scams. The list of SEC licensed and approved business operators can be viewed at www.sec.or.th or the application “SEC Check First”. Additionally, the list of unlicensed business operators outside the SEC’s supervision is available at this Investor Alert link:  https://market.sec.or.th/public/idisc/th/InvestorAlert. 

Any signs and clues of suspicious activities can be notified through the “SEC Complaint Center,” Hotline 1207, the SEC Official Facebook Page: “สำนักงาน กลต,” or the SEC Live Chat on the SEC website.

Note:  
* Pursuant to Section 66 of the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), any person who operates digital asset businesses without a license shall be liable to imprisonment for a term of two to five years, and a fine of 200,000 to 500,000 baht, and a further daily fine not exceeding 10,000 baht for every day during which the contravention continues.