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Thailand Contemplates EU-Inspired Regulatory Shift
Published on 01/04/2024
» With the growth of the platform economy in Thailand, the cabinet has approved the 10 principles on platform economy law which provide a basis for the much-anticipated Platform Economy Act (PEA), a draft of which is underway with a preliminary draft having been distributed for comments from a closed group of stakeholders. The PEA is intended to replace the Royal Decree on digital platforms, passed in 2022, which merely impose notification obligations on platforms. Interestingly, the PEA draws from both the EU's Digital Services Act (DSA) and Digital Markets Act (DMA), combining regulations on illegal content and transparency with regulations that aim to regulate the market powers of the so-called 'gatekeepers' in one Act.