Thailand’s SEC Removes Investment Restrictions on Real Estate-Based Digital Tokens
The Thai Securities and Exchange Commission (SEC) recently announced updates to its criteria for investing in digital tokens. The changes, effective from January 16, remove investment restrictions on retail investors who purchase real estate-based digital tokens. Previously, these investors were limited to an investment of less than $8,430 (300,000 baht). Additionally, the updated criteria also allow retail investors to invest in digital tokens with revenue streams from underlying real estate assets or infrastructure.
Protecting Investors and Encouraging Innovation
The SEC’s decision to remove investment restrictions is aimed at providing adequate protection to investors while fostering innovation in the crypto market. These updates come after the SEC invited public comments in response to its September 23 draft. The majority of respondents agreed with the principles outlined in the draft. The SEC also addressed the establishment of custodial wallet provider businesses, requiring digital asset entities to seek approval before diversifying.
Promoting a Law-Abiding Crypto Market
To ensure the overall quality and reliability of the Thai crypto market, the SEC urged digital asset service providers to operate within legal boundaries. This is in line with the SEC’s goal of striking a balance between protecting investors and promoting innovation in the rapidly evolving digital token landscape.
Hot Take: Thailand’s SEC Creates Opportunities for Retail Investors in Digital Tokens
Thailand’s SEC has opened doors for retail investors by removing investment restrictions on real estate-based digital tokens. This move aims to provide greater protection to investors while fostering innovation in the crypto market. Retail investors are now allowed to invest in digital tokens with revenue streams from real estate assets or infrastructure. The SEC’s criteria update follows public comments on its draft and ensures that digital asset service providers operate within legal boundaries. This decision by the Thai SEC helps create a more inclusive and regulated market, encouraging retail investors’ participation in the digital token ecosystem.
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