Thailand’s Securities and Exchange Commission (SEC) is considering lifting the 300,000 baht (about $8,800) retail investment limit for initial coin offerings (ICO) to stimulate investments in digital tokens.

Thailand to Remove ICO Limit

As reported by the local media Bangkok Post, the Thai regulator has opened a public hearing until 27 April on its plans to remove the limit for asset-backed ICOs, including the ones backed by real estate and infrastructure projects. Under the current rules, retail investors can only invest up to 300,000 baht in a project through an ICO.

“The revision of the regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term is aimed at enhancing effective monitoring of digital asset operations and reducing risks that might affect investors, digital asset operators, and the market,” the Thai regulator said.

The SEC highlighted that the move to lift the ICO limit for retail investors would allow more retail investments, increasing their risk exposure.

To minimize the risks in the sector, the Thai regulator is planning to mandate regulatory permission for digital asset operators to expand into other business areas. However, the new rules would increase the compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term cost to the digital asset operators in the country.

The Thai Cryptocurrency Sector

Thailand has strict oversight of the local cryptocurrency industry. Only a handful of crypto exchanges operate locally, but the industry is still stressed. Last year Huobi shuttered its Thailand operations, while Bitkub, one of the leading local exchanges, faced enforcement actions.

The $100 million capital buyout of Zipmex, another Thailand-focused crypto exchange, also might be in jeopardy as the investor reportedly missed a $1.25 million payment recently. Earlier, the local banking giant SCB backtracked from acquiring a controlling state at Bitkub, citing pending regulatory issues.

Meanwhile, Thai regulators continue to strengthen crypto oversight and bought strict rules around the promotions and advertising of cryptocurrency companies, primarily to minimize risks. It mandated the showcasing of investment risks, and companies need to provide information on advertising terms to the regulator. Another law bans any form of crypto payments in the country but allows investment and trading.

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