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Regulating Digital Assets under Thai Law:

A Case Study of Libra Coin

Pawee Jenweeranon*

1. Introduction

1.1 Background Information

çDigital asseté is a term that has been widely used around the globe

in the past few years. However, in particular, a number of related terms that
(1)
are often†used interchangeably, including ùcryptoassetû and ùvirtual assetû.
This can reflect an unclear definition of the terms. On the basis of official

statements issued by regulators across the world, the terms started to be used
(2)
more frequently during the years of 2017-2018. It should be also noted that
to date, there has been no standardization of the terms within regulations

issued.

** LL.B. (Thammasat University), LL.M. in Business Law (English Program) (Thammasat
University), LL.M. in Comparative Law (Received the Japanese Government Scholarship for
the Program for Leading Graduate Schools çCross-border Institution Designé) (Nagoya
University), Pawee is a lecturer in law at the Faculty of Law, Thammasat University and
a research affiliate at the Centre for Alternative Finance, University of Cambridge.
(1)
Global Cryptoasset Regulatory Landscape Study, Cambridge Centre for Alternative Finance,
University of Cambridge, <https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/

alternative-finance/downloads/2019-04-ccaf-global-cryptoasset-regulatory-landscape-study.pdf>
accessed 1 December, 2019. p. 15.
(2)
Ibid. p. 35.

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