The Cabinet pushed the Digital Securities Act through its first reading, fully approving e-Securities.

The amendment to the Securities and Exchange Act passed its first reading with an overwhelming majority of 455 votes. It supports the systematic use of electronic securities, helping to reduce costs, increase transaction flexibility, and open up opportunities for businesses.

On June 13, 2569 at 11.50:XNUMX p.m. Ms. Rachada Thanadirek, Spokesperson for the Prime Minister's Office. revealed that The government prioritizes updating economic laws to keep pace with technological advancements, particularly amending the Securities and Exchange Act to systematically support the issuance and use of electronic securities within a clear, transparent, and verifiable regulatory framework.

The bill has recently passed the first reading in the House of Representatives with 455 votes, and a special committee has been established to consider the details before it is returned for consideration in the second and third readings. This marks a significant step forward in restructuring Thailand's capital market laws to concretely support the digital economy.

This push for legislation is part of the government's policy to support the digital economy and upgrade the infrastructure of Thailand's capital market to align with modern financial transaction models. Electronic securities will allow the issuance, holding, transfer, and use of securities as collateral to be conducted electronically with legal effect.

"The government views modern laws as a key condition for competition." Miss Ratchada said.

Ms. Rachada stated that this amendment to the law is not about paving the way for new types of digital assets without regulations, but rather about using technology to enhance the efficiency of existing securities such as stocks, bonds, or investment units. The goal is to speed up capital market transactions, reduce procedures and paperwork costs, and increase flexibility for businesses and investors.

At the same time, the government prioritizes risk management by supporting regulations concerning the rights of securities holders, securities registers, segregation of client assets, the use of securities as collateral, and penalties for non-compliance, in order to maintain investor confidence and the stability of the capital market.

“The government’s direction is to make Thai law a tool for enhancing competitiveness, not a constraint on the business sector. The development of the digital capital market must go hand in hand with security, transparency, and appropriate governance.” Miss Ratchada said.

The spokesperson for the Prime Minister's Office stated that if the law comes into effect, it will increase fundraising options for businesses of all sizes, especially small and medium-sized enterprises (SMEs) that need more efficient access to capital. It will also prepare the Thai capital market to embrace modern financial technologies and connect with the digital economy in the long term.

source : thaigov.go.th

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