The Securities and Exchange Commission (SEC) of Thailand has introduced proposals to streamline knowledge assessments and suitability tests for initial coin offering (ICO) investors, aiming to foster a balanced regulatory environment for market growth. These changes seek to preserve investor protection mechanisms while alleviating operational burdens on participants.
The amendments would require ICO portals to establish comprehensive regulatory frameworks to prevent uninformed investments and enhance market efficiency. Additionally, the SEC is broadening its oversight beyond ICOs to include trading of traditional financial instruments and retail investor access to spot Bitcoin exchange-traded funds (ETFs).
Public consultation on the ICO regulation adjustments remains open until August 1. The combined regulatory changes reflect Thailand’s effort to cultivate cryptocurrency sector development while maintaining safeguards against investment risks.