April 9, 20251 yr From Pattaya News Bangkok, April 9, 2025 — Thailand’s Cabinet has greenlit two groundbreaking draft laws aimed at tackling the rising tide of cybercrime and bringing order to the digital asset sector, with both expected to take effect possibly even before the Songkran holidays this weekend. Announced by Digital Economy and Society Minister Prasert Jantararuangtong, the Royal Decree on Measures to Prevent and Suppress Technology-Related Crimes and the Royal Decree on Digital Asset Business Operations are set to be published in the Royal Gazette soon. The first decree targets cybercrime head-on, addressing issues like online scams, fraud, and data breaches that have hurt Thai citizens and businesses. Under the new provisions, financial institutions, telecom operators, and digital platforms will share accountability for preventing such crimes. A key feature is the empowerment of the Anti-Money Laundering Office (AMLO) to oversee swift reimbursement for victims, bypassing lengthy court processes if the financial trail is clear. The law also cracks down on personal data violations, introducing penalties of up to five years in prison or fines reaching 5 million baht for those caught selling sensitive information without consent. To ensure urgency, the decree will take effect immediately upon publication, skipping the standard 30-day delay. Continues at https://thepattayanews.com/2025/04/09/thailand-approves-new-laws-to-combat-cybercrime-and-regulate-digital-assets/
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