Thailand’s Securities and Exchange Commission (SEC) is preparing to tighten regulations on cryptocurrency investments via Initial Coin Offerings (ICOs). The proposed changes, now open for public comment, aim to enhance investor protection while reducing unnecessary administrative burdens.
🔹 No More Quarterly Knowledge Tests
Current rules require investors to pass a knowledge test every three months. The new regulation would remove this requirement—investors who have previously passed such assessments would no longer need to retake them unless their situation changes significantly.
🔹 Focus on Investor Suitability
ICO portals would be obligated to conduct comprehensive suitability assessments to evaluate not just investor knowledge but also their risk tolerance and understanding of digital asset investments. These evaluations must be updated at least every two years.
According to the Thai SEC, the revision seeks to strike a balance between investor safety and market efficiency. “We want to reduce bureaucracy while ensuring people understand what they’re investing in,” the commission stated.
🔹 Professionals Exempt, Amateurs Under Scrutiny
While professional investors and high-net-worth individuals will remain exempt from knowledge testing requirements, retail investors will face stricter screening.
Jagdish Pandya, founder of Blockon Ventures and organizer of Thai Blockchain Week, sees the proposals as a positive step. “Thailand is ahead of others in the region. These measures could help prevent a repeat of the fraud-ridden ICO era,” he told Decrypt.
🔹 ICO Portals and Exchanges Under Watch
The proposed changes won’t just affect investors—Thailand’s SEC is also reviewing whether crypto exchanges should be allowed to list tokens they issue themselves, aiming to reduce insider trading risks and market manipulation.
🔹 Crypto-Tourism and ETFs on the Horizon
Beyond regulation, Thailand is piloting crypto tourism initiatives in popular destinations like Phuket and considering retail access to spot Bitcoin ETFs.
🔹 Public Input Open Until August 1
The SEC is inviting investors, industry players, and the public to submit feedback on the draft framework by August 1. The final version could significantly reshape how ICOs and crypto investing operate across Southeast Asia.
#SEC , #ThailandCrypto , #Regulation , #CryptoNews , #DigitalAssets
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