In an official release, the SEC of Thailand announced the lifting of restrictions on investments in digital currencies, the provision of services for storing crypto assets and other related business transactions, as well as servicing virtual currencies.
The Commission noted that the introduction of new criteria for supervision of the country's crypto industry marks the department's transition to more inclusive regulatory methods necessary to create a favorable investment environment.
For example, one of the key innovations involves removing investment restrictions for retail investors in digital tokens backed by real estate or infrastructure assets.
In addition, the SEC focused its attention on the department’s readiness to support the efforts of supplier enterprises in creating secure custody services.
Previously, the SEC of Thailand adopted rules prohibiting digital asset operators from providing staking and lending services in the country.
Source: Bits
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