The Securities and Exchange Commission (SEC) is preparing to lift the retail investment limit of 300,000 baht for initial coin offerings (ICOs) to stimulate investments in digital tokens, according to the regulator.
The SEC opened a public hearing for the plan to remove the investment limit for retail investors in asset-backed ICOs, now set at 300,000 baht per person per project. These assets include real estate-backed and infrastructure-backed ICOs.
If the investment limit is lifted, retail investors will be allowed to buy more of the ICOs and their risk exposure will increase, the SEC statement said.
The regulator plans to require digital asset operators apply for permission from the SEC to expand to other businesses.
Digital asset operators may incur additional costs for compliance with the new set of rules.
The public hearing is scheduled to run until April 27.
“The revision of the regulation is aimed at enhancing effective monitoring of digital asset operations and reducing risks that might affect investors, digital asset operators and the market,” said the SEC statement.
