Thailand’s Securities and Exchange Commission (SEC) plans to lift the limit for retail investors who want to participate in initial coin offerings (ICOs) to boost asset-backed digital investments in the country.
Per recent regulations, a retail investor may only invest up to THB 300,000 ($8,800) in a particular digital token offering. In an official announcement, the Thai securities regulator indicated its willingness to soften the current restriction to fuel investments in real estate and infrastructure backed ICOs.
The SEC opened an open hearing to get public opinion about its plan to remove the investment limit and allow individuals to buy more of the ICOs, noting that the new set of rules would increase investors’ risk exposure.
Additionally, the SEC is preparing to require digital asset operators apply for permission from the regulator to expand to other businesses, with…
