Thailand’s Securities and Exchange Commission (SEC) is considering removing the 300,000 baht (about $8,800) retail investment limit for initial coin offerings (ICOs) to spur investment in digital tokens. The SEC will hold a public hearing on the matter until April 27. Under current regulations, retail investors can only invest a maximum of 300,000 baht in a project through an ICO.
“The amendment to the regulation aims to strengthen effective monitoring of digital asset operations and reduce risks that may affect investors, digital asset operators and the market,” the Thai regulator said. However, the SEC stressed that the move to increase ICO restrictions for retail investors will allow more retail investors to invest, thereby increasing their risk exposure. (Finance Magnates)