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The Thailand Securities and Exchange Commission has taken a pivotal step by lifting restrictions on digital token investments in individuals. The press release on January 18, by the Thai SEC is a strategic step toward improving investor protection, supporting technological innovation, and driving national growth through digital fundraising.
What Benefits Does Investors Hold?
Investors will have the freedom to choose certain types of digital tokens which include tokens backed by real estate or anything else. Previously, there was a limit on how much investors could invest in these types of tokens. This will prove a positive change as it will give more options for investing in digital assets and also encourage companies to use digital technology for fundraising.
This Step by Thailand SEC will be marked as continued support for the development of innovation and technology to benefit the sustainable growth of the capital market and digital economy. The SEC opened for insights on the principles and the draft announcement was completed in September 2023, while the majority of commentators agreed with the principles and supported the SEC’s decision to lift restrictions on these tokens.
Digital asset business operators who are willing to operate other businesses will require approval from the SEC before proceeding and will be able to monitor other business operations more efficiently.