PUBLISHED: 9 Apr 2025 at 03: 30
Two review laws to regulate online resource businesses and combat cybercrime were approved by the cabinet yesterday.
The government approved the two review bills, according to deputy government spokesman Karom Polpornklang, to address growing concerns about the management of online assets and crimes relating to technology.
He stated that the first draft of the Royal Decree on Measures to Prevent and Suppress Technology-Related Crimes is focused on enhancing the protection of measures against website criminal activity. In addition to the previous 30-day wait, the police timeline has been changed in the draft to take impact the day after its release in the Royal Gazette.
With new measures to improve the transparency and exchange of information about electric wallet lists, the explanations ‘ scope has been expanded to include modern asset firms and e-wallets. According to Mr. Karom, the decree gives the Securities and Exchange Commission ( SEC ) more authority to control and control the operation of digital asset businesses.
Additionally, new regulations are put in place to stop net scams, such as screening cautious messages that promote online gambling or dishonest investments. The document also includes guidelines for removing illegal computer data from systems as well as methods for suspending telecommunication companies when data suggests the use of such services in technology-related crimes.
He claimed that the Royal Decree on Digital Asset Business Operations, which will establish simple guidelines for international online resource companies offering services in Thailand, will be the second document.
These businesses may remain authorised under Thai law if they engage in business that targets Thai citizens. The document also lists the characteristics of such services, including whether they offer Thai content or allow Thai baht payments.
Prasert Jantararuangtong, the minister of electronic economy and society, said these laws are essential for closing gaps, particularly when it comes to regulating digital resource deals that might otherwise flow outside the purview of power.
He also emphasized the value of developing regulations to prevent criminals from obtaining financial information through the use of online monetary systems.