Thailand Tightens ICO Regulations: Retail Investors Must Pass a More Suitable Test

The Securities and Exchange Commission of Thailand (SEC) has just announced plans to amend regulations regarding ICOs, with the goal of reducing the burden on investors and ICO portals while still enhancing risk control.

🔍 Key New Points:

Removal of the requirement for a knowledge test every 3 months. Investors who have previously passed the test will no longer need to retake it continuously as is currently required.

Implementation of a “suitability” test for all digital token investors, to ensure their risk tolerance matches the investment product. This test will be updated every 2 years instead of every 3 months. #thailand

According to the SEC, the new regulations will help prevent inexperienced investors from diving into ICOs without a clear understanding of the risks – avoiding a repeat of mistakes from the previous ICO fraud era.

👉 Professional investors will still be exempt from the knowledge test. Investors and stakeholders can provide feedback until August 1.

In addition, Thailand is exploring the trial of crypto payment systems for tourism in Phuket, considering allowing individual investors to access spot Bitcoin ETFs. The country continues to maintain its leading position in Southeast Asia regarding the crypto legal framework, ahead of Singapore, Malaysia, and Vietnam. #anhbacong