Only registered companies in Thailand can apply for licenses, the Finance Ministry clarified. There is an upfront fee of 5 million baht (~US$156,194), which is separated into 2.5 million each for token distribution and cryptocurrency operations, the publication described. Fees charged for brokerage firms and digital asset dealers are 2.5 million and 2 million baht, respectively.

In addition, the publication wrote. Registered capital for digital exchanges is stipulated at 50 million baht for a centralized exchange and 25 million for brokers, while a decentralized exchange is at 10 million and a decentralized broker is at 5 million. However, the news outlet did not clarify how decentralized brokers and exchanges without a company associated with them would satisfy these requirements.