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ARTICLE · 12 MARCH 2026

Thai SEC Heightens Enforcement Against Cross-Border Digital Asset Platforms

Tilleke & Gibbins
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Thailand's Securities and Exchange Commission (SEC) has filed a criminal complaint against a licensed digital asset broker, its overseas trading platform...

ThailandTechnology
Kobkit Thienpreecha
Kobkit Thienpreecha
Pornpan Wichawut
Pornpan Wichawut
Napassorn Lertussavavivat
Napassorn Lertussavavivat
Rujaporn Paritsantik
Rujaporn Paritsantik
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Thailand's Securities and Exchange Commission (SEC) has filed a criminal complaint against a licensed digital asset broker, its overseas trading platform, and its executives for allegedly operating an unlicensed digital asset exchange targeting Thai customers. The case marks an escalation in the SEC's enforcement efforts against unlicensed offshore platforms that attempt to serve Thai users through local licensed entities.

Criminal Complaint

On February 20, 2026, the SEC filed a criminal complaint with the Economic Crime Suppression Division against a local licensed digital asset broker, its overseas global trading platform, and its executives. The SEC alleges that the parties violated the Digital Asset Business Emergency Decree B.E. 2561 (2018) by cooperatively operating a digital asset exchange business on a cross-border basis since 2023 without the required SEC license.

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