In the wake of the <a href="https://www.cryptoknowmics.com/news/ftx-founder-sam-bankman-fried-detained-bahamas">FTX</a> crash, the Thai SEC has <a href="https://www.bangkokpost.com/business/2459245/sec-readies-stricter-rules-for-digital-assets" target="_blank" rel="nofollow noopener">joined</a> the rising number of nations looking to update their crypto rules and regulations. It also plans to focus on protecting investors while tightening industry regulations, as do the majority of these nations.
<h2>Thai SEC Enacted Strict Rules on Digital Assets</h2>
The Bangkok Post reported on December 13 that the <a href="https://www.cryptoknowmics.com/news/thai-sec-sues-five-entities-over-fake-volumes-across-two-exchanges">Thai Securities and Exchange Commission (SEC)</a> is contemplating stricter rules on <a href="https://www.cryptoknowmics.com/news/forum3-raises-10m-to-bring-digital-assets-to-brands-loyalty-programs">digital assets</a> to reflect the worldwide market. According to reports, the SEC members agreed with the shortcomings of FTX, <a href="https://www.cryptoknowmics.com/news/3ac-liquidators-grab-35-6m-from-singaporean-banks">Three Arrows Capital</a>, the TerraUSD, <a href="https://www.cryptoknowmics.com/news/bankruptcy-judge-demands-return-of-44m-in-crypto-to-celsius-users">Celsius</a> Network, and the regional exchange <a href="https://www.cryptoknowmics.com/news/zipmex-obtains-creditor-protection-term-as-court-sets-deal-date">Zipmex</a> to support their choice.

The authorities also expressed worry over current cryptocurrency advertising techniques, particularly the employment of influencers to spread the message, which may have deceived the public and exposed them to investment dangers. They described the digital asset market as "vulnerable" and in need of regulation.
<h2>Four Key Areas to Emphasize</h2>
The SEC identified four key areas to concentrate its efforts on investor safety, regulation of <a href="https://www.cryptoknowmics.com/news/things-you-can-do-with-cryptocurrency">cryptocurrency</a> promotion, conflict of interest prevention, and cybersecurity. It has established a working committee of both public and private parties to evaluate and draught the necessary adjustments to current rules.

The Thai SEC has taken action on crypto advertising rules before, which is interesting. In September, it compelled market participants to provide customers with crystal-clear investment cautions. The SEC began a public hearing in the same month on its plan to restrict cryptocurrency platforms from offering or supporting services for digital asset registries. The general public and traders are intended to be protected by a potential prohibition on all loan and staking services.

Thai SEC to Enact Stricter Crypto Rules With Focus on Investor Security

In the wake of the FTX crash, the Thai SEC has joined the rising number of nations looking to update their crypto rules and regulations.

Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

Thai SEC to Enact Stricter Crypto Rules With Focus on Investor Security

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