Thailand SEC plans to optimize crypto investor threshold mechanism

Odaily Planet Daily News: The Thai SEC issued an announcement that it is soliciting public opinions on the new 1CO regulatory rules. The proposed rules will allow investors to be exempt from repeated tests every quarter if they have passed the relevant knowledge test, and require 1CO platforms to conduct suitability assessments for non-institutional investors to ensure that they understand the risks of digital token investment and have the corresponding risk tolerance. Such assessments must be updated at least every two years, replacing the current three-month frequency. The new regulations aim to reduce the compliance burden of 1CO platforms and investors, while referring to traditional securities regulatory practices. Professional investors continue to be exempt from knowledge test requirements. The public can submit feedback before August 1. In addition, the Thai SEC has recently consulted on the exchange's spontaneous token listing mechanism and information disclosure, and plans to promote the encrypted payment tourism pilot and Bitcoin ETF retail access. (Decrypt)