📣 Thailand Eases Up on Crypto Rules
posted 30 Jan 2024
Thailand's Securities and Exchange Commission (SEC) has revised its crypto industry regulations, creating a more business-friendly and user-oriented environment. One significant adjustment is the removal of the previous limit on investment volumes in tokens backed by tangible assets.
Before this change, investments in such tokens at the ICO stage were capped at $8,400. Moreover, the SEC aims to manage the licensing process for crypto operations in Thailand, a decision largely seen as a step forward. However, the commission has no immediate plans to authorize crypto-ETFs.
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