The Securities and Exchange Commission (SEC) of Thailand is looking to loosen restrictions on retail investments for Initial Coin Offerings (ICOs) in order to foster digital investments.
The SEC intends to raise the current limit of 300,000 baht ($8,800) for asset-backed ICOs per person, as well as allow for bigger investments in real estate and infrastructure-backed ICOs.
This is all being done in a bid to further technological development in the country and its capital market, as made clear during a public announcement on March 30.
During this announcement, the SEC also opened a public hearing for the proposed removal of the investment limit, noting the increased risk exposure for investors.
This hearing will take place until April 27.
