Sirichoke questions SEC over SHFL casino coin valuation

Thairath•Politics•5d ago

Reader Briefing

Former MP Sirichoke Sopha demands the SEC explain why a cryptocurrency linked to an online casino was listed and had its valuation criteria relaxed.

•Sirichoke Sopha questioned why the SHFL coin, used by Shuffle.com for online gambling, was included in the SEC's digital asset account.
•The SEC reduced the valuation deduction rate for the SHFL coin from 30% to 20% between June 20, 2025, and December 25, 2025.
•Taiyang Zhang, husband of Suchada Sang Tan-sap, invested in companies related to Shuffle.com in 2022.
•Suchada Sang Tan-sap served as Secretary to the Minister of Digital Economy and Society during the period the SEC reduced the SHFL valuation deduction rate.

Overview

•Sirichoke Sopha describes the SHFL coin as a cryptocurrency used by Shuffle.com to promote online gambling activities, which are illegal in Thailand.
•On June 20, 2025, the SHFL coin appeared in the SEC account with a valuation deduction rate of 30%.
•On October 7, 2025, Suchada Sang Tan-sap was appointed Secretary to the Minister of Digital Economy and Society.
•On December 25, 2025, the SEC published a new account reducing the SHFL valuation deduction rate to 20%.
•Sirichoke Sopha states that reducing the deduction rate allows crypto businesses to count more of the SHFL coin value toward their fund calculations.
•Sirichoke Sopha asks the SEC to disclose which licensed crypto exchanges in Thailand allow the trading of the SHFL coin.
•Sirichoke Sopha called for the SEC and the NACC to release documents and provide answers to the public regarding these decisions.

Full article content is available on the original source.

Read on Thairath (Thai Version)Read on Thairath (English Version)

Source: Thairath (Original)

Key Quotes

Sirichoke Sopha

"Did anyone use influence or political relationships in the regulatory process to benefit the SHFL coin, build confidence, stimulate demand, and hope to increase the price of the SHFL coin?"

มีใครใช้อิทธิพลหรือความสัมพันธ์ทางการเมืองเข้าไปเกี่ยวข้องกับกระบวนการกำกับดูแล เพื่อเอื้อประโยชน์ให้เหรียญบ่อน SHFL สร้างความเชื่อมั่น กระตุ้นความต้องการซื้อ และหวังผลให้ราคาเหรียญบ่อน SHFL สูงขึ้นหรือไม่?

Key Entities

Person

Sirichoke Sopha(ศิริโชค โสภา)

Former MP for Songkhla from the Democrat Party who questioned the SEC regarding the SHFL coin.

Taiyang Zhang(ไทหยาง จาง)

Husband of Suchada Sang Tan-sap who invested in companies related to Shuffle.com in 2022.

Suchada Sang Tan-sap(สุชาดา ซาง แทนทรัพย์)

Former Secretary to the Minister of Higher Education, Science, Research and Innovation and Secretary to the Minister of Digital Economy and Society.

Organization

SEC(ก.ล.ต.)

The Thai regulatory agency responsible for overseeing digital assets and valuation criteria.

Shuffle.com

An online gambling operator that created the SHFL coin to promote its casino and sports betting business.

Ministry of Digital Economy and Society(กระทรวงดิจิทัลเพื่อเศรษฐกิจและสังคม)ℹ️

The ministry with a role in suppressing online gambling.

Democrat Party(พรรคประชาธิปัตย์)

The political party to which Sirichoke Sopha formerly belonged.

Ministry of Higher Education, Science, Research and Innovation(กระทรวงการอุดมศึกษา วิทยาศาสตร์ วิจัยและนวัตกรรม)ℹ️

The ministry where Suchada Sang Tan-sap served as Secretary starting October 3, 2023.

NACC(ป.ป.ช.)

The agency Sirichoke Sopha believes should provide answers and documents to the public alongside the SEC.

Bitkubℹ️

A crypto exchange mentioned by Sirichoke Sopha as an entity the SEC should investigate.