Currently, ready-to-use utility tokens are exempt from the Thai Securities and Exchange Commission’s approval (the “Thai SEC”) for the offering under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). However, due to the increase in the speculation on some ready-to-use utility tokens, the Thai SEC aims to regulate these utility tokens in order to enhance the protection for investors and has proposed its regulatory approach on these tokens. 
Following the focus group and first public hearing last year, the following main points were included in the draft regulations for the public hearing until 24 February 2023.