The Securities and Exchange Commission (SEC) of Thailand has announced updated regulations for the cryptocurrency industry with the aim of creating a safe and dynamic environment for digital assets. In an official statement, the SEC of Thailand declared the removal of restrictions on investments in digital currencies, the provision of services for storing cryptocurrencies, and other related operations, as well as servicing virtual currencies.
The Commission emphasized that the introduction of new regulations for the regulation of the cryptocurrency industry in the country reflects the agency's commitment to more inclusive regulatory methods that promote a favorable investment environment.
The key change is the removal of restrictions on retail investors' investments in digital tokens backed by real estate or infrastructure assets.
Additionally, the SEC expressed its readiness to support the efforts of custodial service providers in creating secure custody services.
Previously, the SEC of Thailand had introduced rules prohibiting operators of digital assets from offering staking and lending services within the country.
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