The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.
Thailand’s SEC (Securities and Exchange Commission) is seeking to enhance its rules for the digital assets sector to ensure appropriate investor protection mechanisms are in place.
The SEC’s concerns over investors’ financial safety follow a surge in cryptocurrency prices over the past few months and a rapid rise in the number of new accounts opened at local digital currency exchanges and intermediaries.
Retail investors’ net buying of digital assets has grown from THB 500 million in November 2020 and THB 1.1 billion in December 2020 to THB 1.2 billion in January 2021.
The SEC is consulting new qualifications for retail investors in digital assets, including criteria relating to their financial status,…
