Thailand's SEC Lifts Restrictions on Crypto Investments
Date: 2024-01-18 Author: Dima Zakharov Categories: IN WORLD
The Securities and Exchange Commission (SEC) of Thailand has taken a major step in shaping the future of the cryptocurrency market within the country. The regulatory body recently released revised criteria for overseeing the cryptocurrency industry, with a focus on creating a secure and dynamic environment for digital assets.
One of the most notable changes is the lifting of investment restrictions on retail investors in digital tokens backed by real estate or infrastructure assets. This move opens up opportunities for a wider range of investors to participate in the cryptocurrency market, potentially fostering a more inclusive investment environment.
Additionally, the SEC has emphasized its readiness to support efforts by crypto service providers in establishing secure custodial services. This commitment to enhancing security measures is a positive sign for both businesses and investors in the crypto space.
Notably, the SEC of Thailand had previously imposed rules prohibiting digital asset operators from offering staking and lending services within the country. This latest announcement represents a shift towards a more inclusive and investor-friendly regulatory framework for the cryptocurrency industry in Thailand.
