Inquiry Regarding Licensing Requirements for Cryptocurrency ATMs in Thailand

In Thailand
Last Updated: Oct 23, 2024
I am writing to inquire about the specific licensing requirements for operating cryptocurrency ATMs in Thailand. Could you please provide detailed information on the type of license that cryptocurrency ATM operators need to apply for?

Lawyer Answers

Mahanakorn Partners Group Co., Ltd

Mahanakorn Partners Group Co., Ltd

Oct 24, 2024
Best Answer

Dear prospective client,

Thank you for reaching out with your inquiry regarding the licensing requirements for operating cryptocurrency ATMs in Thailand.

In order to operate cryptocurrency ATMs in Thailand, operators are required to comply with specific regulations issued by the Securities and Exchange Commission (SEC) of Thailand. The primary license that cryptocurrency ATM operators need to apply for is a Digital Asset Business License. This license allows businesses to operate as cryptocurrency exchanges, brokers, or dealers, all of which may be relevant depending on the services offered by the ATM.

Additionally, there are stringent compliance measures relating to Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements that need to be adhered to in line with Thai law.

For a comprehensive overview of the regulations surrounding digital assets in Thailand, including cryptocurrency ATMs, I invite you to visit our website for detailed insights:
Digital Asset Regulations in Thailand: A Comprehensive Overview https://mahanakornpartners.com/digital-asset-regulations-in-thailand-a-comprehensive-overview/

Should you have any further questions or need more personalized assistance, feel free to reach out.

Best regards,

Mahanakorn Partners Group (MPG)

ATTY SARAH JANE SUBIGA AT LAW

ATTY SARAH JANE SUBIGA AT LAW

Oct 24, 2024

Hello, thank you for reaching out. I am a good lawyer and have a good set to say that you are in a good hands because many us are here. enjoy!

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