Thailand SEC Proposes Easing Crypto Investor Testing Requirements

According to PANews, the Thai Securities and Exchange Commission (SEC) has proposed easing the knowledge testing requirements for retail cryptocurrency investors. The proposal suggests that investors who have already passed the test should be exempt from retaking it, changing the current quarterly retesting requirement to a suitability assessment every two years. The new regulations would require ICO portals to conduct comprehensive suitability tests for all digital token investors to ensure that investment risks align with product risks. This proposal aims to reduce the burden on both investors and ICO portals while maintaining consistency with existing securities regulatory standards. The SEC is currently seeking public feedback on the proposal, with the deadline set for August 1.