Thailand's SEC considers lifting the 300,000 baht ICO investment limit

2023-03-30 14:42:37

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ChainCatcher news, the Securities and Exchange Commission (SEC) of Thailand is considering removing the 300,000 THB (approximately 8,800 USD) retail investment limit for initial coin offerings (ICOs) to stimulate investment in digital tokens. The SEC will hold a public hearing on this matter until April 27. Under current regulations, retail investors can invest a maximum of 300,000 THB in a single project through an ICO.

Thai regulators stated, "The revision of this regulation aims to strengthen effective monitoring of digital asset operations and reduce risks that may affect investors, digital asset operators, and the market." However, the U.S. Securities and Exchange Commission emphasized that raising the retail investor ICO limit would allow more retail investment, thereby increasing their risk exposure. (Source link)

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