Thailand's digital asset landscape has entered a new phase of maturity. While the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC) continue to prohibit the use of cryptocurrencies as a general medium of payment for goods and services, digital assets remain legally tradable investment assets when transacted through licensed digital asset operators. As a result, a growing number of foreign investors are utilizing cryptocurrency holdings as a source of funds for acquiring high-value Bangkok real estate, particularly luxury condominiums and investment-grade properties.
Accounting & Legal in Thailand
Thailand’s condominium sector is entering a new phase of financial regulation. Following several years of heightened concerns surrounding project delays, developer liquidity pressures, and investor protection, regulators have intensified their focus on the handling of purchaser funds in off-plan developments.
For more than two decades, one of the most common structures used by foreign investors seeking indirect control of Thai land involved the establishment of a Thai limited company where Thai nationals nominally held 51% of the shares while foreign investors retained effective control through preferential voting rights, director authority, shareholder agreements, financing arrangements, or undisclosed side contracts.
