Partnership
Strategic cooperation with the owner of Bank Of ChainGold International Ltd.
bankofchaingold.comSukhothai ChainGold: Gold-Linked Digital Token
ChainGoldGLOBAL DIGITAL
GOLD TOKEN
Building the infrastructure for the high-volume Sukhothai ChainGold gold standard.
Institutional Structure
High-Volume Tokenized Commodity Asset Infrastructure in Thailand
We are building a new monetary convertibility framework with the ambition to strengthen Thailand's position in digital-asset innovation, financial digitalization, and tokenization, supported by infrastructure designed for regulatory compatibility with Thai financial frameworks.
Issuer & White-Label
Bank Of ChainGold International Ltd. serves as ChainGold token issuer and provides white-label infrastructure to the Thai operating entity.
Licensing & Compliance
Operations are performed by the Thai operating entity under licences granted by the Securities and Exchange Commission of Thailand pursuant to the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). {{TBC:LICENCE_STATUS}}
Legal Assessment
Thailand Regulatory Overview
A concise overview of the Thai legal framework for digital assets, SEC licensing, payment infrastructure, and the practical implications for a gold-linked tokenized commodity asset model.
1) Current Regulatory Position in Thailand
- Thailand has operated a dedicated digital-asset licensing regime since 2018, administered by the Securities and Exchange Commission (SEC) under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018).
- The law separates "cryptocurrency" from "digital token", and further distinguishes investment tokens from utility tokens. Classification determines the entire compliance path.
- Since 1 April 2022, licensed operators have been prohibited from providing services that support the use of digital assets as a means of payment for goods and services.
2) Core Legal Pillars
- Emergency Decree on Digital Asset Businesses B.E. 2561 (2018) – the main crypto law. It defines cryptocurrencies and digital tokens and regulates licenses for digital-asset exchanges, brokers, dealers, and other operators. ICOs and public offerings of digital tokens fall under its regime. The Thai SEC identifies it as the foundational law for the digital-asset sector.
- Emergency Decree on Digital Asset Businesses (No. 2) B.E. 2568 (2025) – a significant amendment effective from April 13, 2025. It extended the reach of Thai regulation to foreign service providers who actually provide digital-asset services to persons in Thailand. Therefore, an offshore location alone is not sufficient to avoid Thai SEC licensing requirements.
- Payment Systems Act B.E. 2560 (2017) – particularly key for stablecoins used as a means of payment. The Bank of Thailand states that a THB-backed stablecoin intended for payments may be classified as e-money under this law. In such a case, it falls under BOT regulation of payment services/e-money, not merely under the Thai SEC crypto regime.
- Exchange Control Act B.E. 2485 (1942) and related ministerial regulations – govern foreign exchange and cross-border transactions. They are very important if you use stablecoins for THB/USD conversion, cross-border settlement, or for example Thailand → Vietnam transfers. The BOT confirms that the legal basis for Thailand’s FX regime is the Exchange Control Act and Ministerial Regulation No. 13.
- AML legislation, particularly Thailand’s Anti-Money Laundering Act and AMLO implementing regulations. Digital-asset operators are subject to KYC, transaction monitoring, suspicious transaction reporting, and other AML obligations. In 2026, the Thai SEC, BOT, and AMLO are significantly strengthening oversight of stablecoins, particularly due to money laundering, cybercrime, and circumvention of international transfer regulations.
- Emergency Decree on Measures for the Prevention and Suppression of Cybercrimes, amended in 2025. It supplements digital-asset legislation particularly regarding mule accounts, transaction blocking, offshore platforms, and investigation of fraudulent crypto transactions.
- Securities and Exchange Act B.E. 2535 (1992) may come into play if a token ceases to be purely a stablecoin economically and has the character of a security/investment product – for example if the holder derives returns from underlying bonds, secured notes, or an investment portfolio. The Thai SEC is also preparing additional reforms intended to further integrate classical securities and digital assets.
3) Cryptocurrency vs. Digital Token
- A gold-linked instrument is most naturally characterised as a digital token rather than a cryptocurrency.
- Investment tokens are offered under SEC supervision and are expected to be distributed through an SEC-approved ICO portal.
- Asset-referenced structures attract additional scrutiny of reserve custody, valuation methodology and redemption mechanics.
4) Strategic Direction of the State
- Thailand’s regime is mature by regional standards, but is actively tightened wherever retail exposure or payment substitution is involved.
- The Bank of Thailand has taken a restrictive stance on baht-denominated stablecoins and payment-substitute designs.
- Foreign participation is additionally governed by the Foreign Business Act B.E. 2542 (1999), which shapes permissible ownership and control structures.
Practical Implications for Sukhothai ChainGold
- Structuring the token as an SEC-supervised investment or asset-referenced digital token is materially more compatible than any payment-substitute design.
- A public offering is expected to run through an SEC-approved ICO portal, supported by a filed and approved disclosure document.
- Reserve custody, independent verification, AML/KYC under AMLO and PDPA-compliant data handling are the core controls.
- The Foreign Business Act may constrain ownership and control of the Thai operating entity and should be assessed before incorporation.
Key Legal References
- Emergency Decree on Digital Asset Businesses B.E. 2561 (2018)
- Securities and Exchange Act B.E. 2535 (1992)
- Bank of Thailand Act B.E. 2485 (1942), as amended
- Payment Systems Act B.E. 2560 (2017)
- Anti-Money Laundering Act B.E. 2542 (1999)
- Electronic Transactions Act B.E. 2544 (2001)
- Personal Data Protection Act B.E. 2562 (2019)
- Foreign Business Act B.E. 2542 (1999)
- Exchange Control Act B.E. 2485 (1942)
References to Thai legislation and regulatory frameworks are provided for informational purposes only and do not constitute a representation that any specific digital asset, stablecoin, issuer, platform or service has been licensed, approved or endorsed by the Thai SEC, the Bank of Thailand or any other Thai governmental authority.
Operations
Thailand
Incorporated in Bangkok, Thailand — {{TBC:REG_NO}}
{{TBC:LICENCE_REF}} — licence reference, issuing authority and date to be confirmed from the Thai entity’s own documentation
Licensed Financial Activities
Registry Notice
{{TBC:REGISTRY_NOTICE}} — the applicable Thai registry or SEC disclosure reference must be supplied.
{{TBC:REGISTRY_LINK_LABEL}}Bank of Thailand / BOT
Thailand separates monetary authority from capital-market and digital-asset supervision.
BOT defines the perimeter for banking, payments, monetary policy and foreign exchange, while the SEC supervises securities and digital assets.
CENTRAL BANK
National monetary authority of Thailand, established 1942
STATUTORY MANDATE
Operates under the Bank of Thailand Act B.E. 2485 with statutory policy independence
DUAL SUPERVISION
Money and payments sit with BOT; digital assets sit with the SEC
The Bank of Thailand (BOT) is the central bank of the Kingdom of Thailand, established under the Bank of Thailand Act B.E. 2485 (1942). It conducts monetary policy, supervises commercial banks, oversees payment systems and administers the foreign-exchange regime under the Exchange Control Act B.E. 2485.
Unlike jurisdictions where one authority covers both money and capital markets, Thailand splits the two. Digital asset business licensing sits with the Securities and Exchange Commission under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), while BOT retains authority over payments and the baht.
Country Dossier
Thailand History and Now
A founding ASEAN economy combining uninterrupted sovereignty, a deep manufacturing base and one of Asia’s largest physical gold markets.
513,120 km²
National territory spanning the Indochinese and Malay peninsulas, with access to both the Gulf of Thailand and the Andaman Sea.
66M+
Population scale supporting labor depth, domestic demand and regional relevance.
ASEAN FOUNDER
One of the five founding members, with ASEAN itself established in Bangkok in 1967.
Thailand is the only country in Southeast Asia never to have been colonised, giving it an unbroken institutional and legal continuity that still shapes its commercial law and property regime. Its geography and borders with Myanmar, Laos, Cambodia and Malaysia give it strategic weight in trade, manufacturing and logistics.
The political model is a constitutional monarchy. Economic policy has been oriented toward export manufacturing, tourism and, more recently, higher-value industry under the Thailand 4.0 strategy and the Eastern Economic Corridor.
A decisive turning point came in July 1997, when the floating of the baht triggered the Asian Financial Crisis. The reconstruction that followed produced markedly stronger financial supervision, deeper capital markets and a durable emphasis on reserve adequacy.
Constitutional Monarchy
The transition from absolute monarchy established the constitutional framework that still underpins the modern Thai state.
Baht Float and Reform
The currency crisis that began in Thailand forced a rebuild of financial supervision, producing a markedly more resilient banking system.
Regulated Digital Asset Market
Thailand is positioning itself as one of the region’s most established licensed digital-asset jurisdictions, supervised by the SEC since 2018.
Contact
2026THAILAND
EMERGENCY DECREE ON DIGITAL ASSET BUSINESSES B.E. 2561 (2018) | SEC THAILAND - DIGITAL ASSET BUSINESS LICENSING | DIGITAL ASSETS AS MEANS OF PAYMENT RESTRICTED FROM 1 APRIL 2022 -EMERGENCY DECREE ON DIGITAL ASSET BUSINESSES B.E. 2561 (2018) | SEC THAILAND - DIGITAL ASSET BUSINESS LICENSING | DIGITAL ASSETS AS MEANS OF PAYMENT RESTRICTED FROM 1 APRIL 2022 -EMERGENCY DECREE ON DIGITAL ASSET BUSINESSES B.E. 2561 (2018) | SEC THAILAND - DIGITAL ASSET BUSINESS LICENSING | DIGITAL ASSETS AS MEANS OF PAYMENT RESTRICTED FROM 1 APRIL 2022 -EMERGENCY DECREE ON DIGITAL ASSET BUSINESSES B.E. 2561 (2018) | SEC THAILAND - DIGITAL ASSET BUSINESS LICENSING | DIGITAL ASSETS AS MEANS OF PAYMENT RESTRICTED FROM 1 APRIL 2022 -EMERGENCY DECREE ON DIGITAL ASSET BUSINESSES B.E. 2561 (2018) | SEC THAILAND - DIGITAL ASSET BUSINESS LICENSING | DIGITAL ASSETS AS MEANS OF PAYMENT RESTRICTED FROM 1 APRIL 2022 -EMERGENCY DECREE ON DIGITAL ASSET BUSINESSES B.E. 2561 (2018) | SEC THAILAND - DIGITAL ASSET BUSINESS LICENSING | DIGITAL ASSETS AS MEANS OF PAYMENT RESTRICTED FROM 1 APRIL 2022 -
A Regulated Digital Asset Market in Thailand's Financial Landscape
2025 / 09
Bloomberg
Regulatory recognition
"Thailand: A Licensed Digital Asset Market Since 2018."
2025 / 09
Chainalysis
Market growth momentum
"Digital asset businesses in Thailand have been formally licensed and supervised since the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018), administered by the Securities and Exchange Commission (SEC)."
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Gold-Linked Digital Asset
High-Volume Supply
High-Volume Supply
The value of the token is linked to and structured against underlying gold reserves within a defined legal and asset framework. With a high-volume supply model, we combine the stability profile of gold with modern blockchain technology under a transparent and licensed financial framework.
How it works:
01Gold Reserves
Physical gold is stored and audited in secured LBMA vaults.
02Token Minting
Sukhothai ChainGold tokens are issued under a reserve-linked framework tied to allocated physical gold reserves.
03Global Value
High-volume units provide seamless digital value worldwide.
HHT-ChainGold Vietnam
Sukhothai ChainGold operates in Thailand alongside HHT-ChainGold in Vietnam. Both run on white-label infrastructure provided by Bank Of ChainGold International Ltd., and each is licensed and operated locally under the laws of its own jurisdiction.
- Role
- Vietnam operator, ChainGold network
- Registered company
- HHT International High Technology Joint Stock Company
- Business code
- 0318293566
- Registered office
- No. 2 Hong Ha Street, Ho Chi Minh City, Socialist Republic of Vietnam
- Website
- hht-chaingold.com
- [email protected]
Details shown for HHT-ChainGold are published by that entity on hht-chaingold.com. Each operation answers to its own regulator: the SEC in Thailand, and the Vietnamese framework in Vietnam.