Getting Into ICOs in Thailand Could Get a Lot Less Annoying
Main Idea
Thailand's SEC is modifying its regulatory rules for ICOs to reduce the burden on investors and ICO portals, including less frequent knowledge tests and a new suitability test for portals.
Key Points
1. Thailand’s SEC aims to modify its regulatory protocol for ICO investments.
2. ICO investors in Thailand would undergo a modified knowledge test program with a two-year review period instead of quarterly reviews.
3. The new protocol aims to reduce the burden on ICO portals by introducing less frequent testing.
4. Thailand’s SEC intends to mandate ICO portals to conduct comprehensive suitability tests.
Description
Thailand’s SEC aims to modify its regulatory protocol for ICO investments. ICO investors in Thailand would undergo a modified knowledge test program. The new protocol aims to reduce the burden on ICO portals. Thailand’s Securities and Exchange Commission (SEC) has started the process of modifying its regulatory rules for Initial Coin Offerings (ICOs), requesting public input on its proposed changes. The proposal would alter the existing knowledge test program for investors looking to participate...
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