The Securities and Exchange Commission (SEC) of Thailand is transitioning toward more crypto-friendly regulations, with an updated framework published earlier this month. Thai SEC regulates cryptocurrencies under the Digital Asset Businesses Decree, focusing on areas like sales, trading and initial coin offerings (ICOs). Digital asset businesses operating in Thailand are required to obtain licenses and comply with the rules set forth by the SEC as outlined in this decree, the SEC has said. The SEC's updated framework removes retail investors' limits for asset-backed tokens, creates new rules for custodians and gives the agency a larger role in monitoring digital asset business.
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