Thai SEC consults public on crypto investor income rules Thai investors who do not qualify for crypto trading under proposed SEC rules would still be able to invest through licensed fund managers. 6287 Total views News
The Securities and Exchange Commission of Thailand has launched a public consultation on proposed cryptocurrency investor qualification rules.
According to an official announcement Thursday, the Thai SEC is now seeking public comments on proposed qualifications for crypto investors including certain income and trading experience requirements.
As part of the initiative, the Thai SEC is planning to hold a live hearing through its Facebook page on March 24. The public consultation will continue until March 27, the authority said.
Thai SEC Begins Public Hearing On Proposed Cryptocurrency Regulations
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Thai SEC schedules hearings to address crypto investor qualifications The SEC of Thailand is looking to establish qualifications for crypto investors as digital currency purchases increase. 16459 Total views News
A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection.
The Securities and Exchange Commission of Thailand has scheduled a public hearing this month to address specific requirements for investors who want to open a crypto trading account, local news agency The Bangkok Post reported Monday.
By initiating the new qualification system, the Thai SEC intends to ensure that new retail investors moving into crypto trading have sufficient financial resources to absorb risks from the highly volatile prices of crypto.
Siam Validus, an SME Funding Platform, Acquires a Debenture Crowdfunding License from the SEC in Thailand
SME or small business crowdfunding platform
Siam Validus has reportedly received a debenture crowdfunding license from the
Securities and Exchange Commission of Thailand (SEC).
Siam Validus is a joint initiative between Singapore’s SME financing platform Validus and SCG Distribution, a Thailand-based firm that specializes in distribution and the retail business.
The new permit should help Siam Validus with supporting SMEs using various financing solutions through debt crowdfunding to drive capital flow and potential investments.
Siam Validus’ management stated that the licensing was obtained after a thorough due diligence process performed by Thailand’s SEC, and shows that the regulator remains focused on enhancing funding access for local SMBs.
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