Bangkok, 17 April 2024 – The Securities and Exchange Commission (SEC) of Thailand has introduced new, clearer regulations for Initial Coin Offerings (ICOs), providing a much-needed framework for businesses and investors alike. These changes are aimed at enhancing transparency and confidence in both fundraising and investment activities through ICOs.

Recognizing the potential of ICOs as a crowdfunding tool, especially for small businesses, the Thai government has taken steps to balance innovation with investor protection. The new guidelines are designed to safeguard the Thai community from online scams while allowing businesses to leverage ICOs and crowdfunding platforms for capital raising.

One of the key updates in the regulations focuses on the governance of ICO issuers, ensuring they adhere to stricter standards to maintain investor trust. Furthermore, the rules surrounding ICO advertising have been revised to guarantee that all promotional materials provide the necessary information, enabling investors to make well-informed decisions.

These updated regulations took effect on 16 April 2024, marking a significant step forward in Thailand's approach to regulating digital assets and fostering a secure environment for both businesses and investors in the rapidly evolving digital economy.