Thailand's Securities and Exchange Commission is consulting on enhanced disclosure requirements for ESG funds to improve transparency and prevent greenwashing. This could affect fund managers and financial institutions operating in Thailand, requiring them to prepare for potential new compliance obligations.
Thailand's AMLO, SEC, and Finance Ministry are jointly launching an 18-month 'TouristDigiPay' pilot program allowing foreign tourists to convert cryptocurrencies to Thai baht for electronic payments. The program operates in a regulatory sandbox with mandatory KYC checks, spending limits, and no cash withdrawals to balance financial innovation with AML safeguards. This represents Thailand's regulatory approach to integrating digital assets into tourism while enforcing financial crime prevention measures.
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