Thailand’s Securities and Exchange Commission has tightened regulations on initial coin offerings to strengthen investor protection and enhance fund-raising confidence.
- ICO issuers are required to provide a check and balance mechanism and have measures to prevent and manage conflicts of interest, SEC says in statement Wednesday
- Revised regulations took effect on April 16 after being published in Royal Gazette
- ICO issuers, which have no specific rules, will still have to receive digital token holders’ approval similar to guidelines being applied to to real estate-backed tokens
- ICO advertisements must refrain from rushing investors into investing in those digital assets or misleading ...
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