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Thursday, May 2, 2024

SEC in Thailand Is Reportedly Backing off its Initial Plan to Set 1M Baht Minimum Annual Income Requirement for Crypto Investors

The Securities and Exchange Commission (SEC) in Thailand is reportedly backing off its initial draft plan that would have required a 1-million-baht (appr. $32,800) minimum annual income and various other requirements for local crypto investors.

The Thai SEC clarified that the draft bill was meant to gauge public sentiment from industry stakeholders.

A live discussion regarding the hearing on the Thai SEC’s official Facebook page had been rescheduled recently (3 weeks earlier than the original schedule on March 24, 2021). The regulator’s draft had led to a lot of criticism from the general public within just a few hours of its release.

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