Thai SEC Sets Guidelines for Crypto Business in Thailand

The Thai Securities and Exchange Commission (SEC) has taken significant steps to regulate the cryptocurrency industry, aiming to enhance investor protection and minimize risks. During its meetings on September 1, 2022, December 1, 2022, and May 11, 2023, the SEC approved crucial measures to ensure transparency and security in the sector.

Firstly, effective from July 31, 2023, cryptocurrency trading center operators, cryptocurrency brokers, and traders will be required to disclose explicit risk warnings associated with trading digital currencies. The disclosure must prominently display a cautionary message stating, “Cryptocurrencies are high risk. Please thoroughly understand the risks involved as you may lose your entire investment.”