Thai Securities and Exchange Commission Lifts Restrictions on Digital Asset Investments

Thai Securities and Exchange Commission Lifts Restrictions on Digital Asset Investments

Thailand’s securities regulator has removed investment restrictions on retail investors who invest in real estate-based digital tokens. The Thai Securities and Exchange Commission (SEC) said digital asset entities that want to diversify to other businesses need to get its approval first.

Balancing Between Protecting Investors and Promoting Innovation

The Thai Securities and Exchange Commission (SEC) announced on Jan. 18 that its committee had updated the criteria for investing in digital tokens to ensure investors receive adequate and appropriate protection. As part of the changes, which became effective on Jan. 16, investment restrictions on retail investors who purchase real estate-based digital tokens have been removed.

In addition, the new criteria also lift restrictions on retail investors who may want to invest in digital tokens with revenue streams generated from the underlying real estate assets or infrastructure. According to the regulator’s Thai language statement, investors were previously restricted to an investment not exceeding $8,430 (300,000 baht).

The statement suggests that the changes will help Thailand protect crypto investors without necessarily harming innovation. The announcement of the updated criteria came a few months after the country’s Securities and Exchange Commission invited the public to comment on its Sept. 23 draft. According to the regulator, a majority of those who commented concurred with its principles as laid out in the draft.

In addition to reviewing restrictions imposed on retail investors, the securities regulator’s updated criteria also touched on the creation of custodial wallet provider businesses. For digital asset entities that wish to diversify, the regulators said getting its approval first is mandatory.

To improve the quality and dependability of the entire Thai crypto market, the regulator urged digital asset service providers to always operate within the confines of the law.

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