The Growth of Cryptocurrency Investments under Thai Government through Legal Measures

Waratchaya Chaiwut ()
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Waratchaya Chaiwut: Faculty of Law, Chiang Mai University, Chiang Mai, Thailand.

International Investment Law Journal, 2023, vol. 3, issue 2, 167-173

Abstract: The first appearance of cryptocurrency in Thailand was only occurred in a small community and not widely famous among a financial transaction. In 2018 ñ at the present, Thai people advert a cryptocurrency as a trade and other financial transactions, however, these crypto investments are encountered a large number of commercial issues and principal agencies under Thai government use legal measures or make regulations to intervene and control them. Some of legal measure are problematic to stimulate the digital economic growth under the crypto industry and development of financial platforms. Objectives of the study are presentation of advantages and disadvantages of Thai legal measures to control crypto industries in commerce and methodologies for qualitative research are data collection via laws, policies, and legal cases in Thailand. As results of studies, the early direction of laws and policies from Thai government agencies attempted to prevent customers for crypto trades and company business, these agencies have begun to improve lenient legal approaches.

Keywords: cryptocurrency; business law; legal measures; commercial law; investment law (search for similar items in EconPapers)
JEL-codes: K22 K24 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sja:journ1:v:3:y:2023:i:2:p:167-173

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