According to a notice from the country’s securities regulator, stricter rules for crypto advertising went into effect in Thailand on Thursday.
- The new rules make it illegal to include false or exaggerated information about crypto companies, such as inflated user numbers, and require clear risk warnings about investing in crypto.
- The Thai Securities and Exchange Commission (SEC) changed the rules after noticing that many ads didn’t mention the risks of cryptocurrencies and some only showed “positive information.”
- The new regulations apply to all new crypto ads that market to local users. The SEC says that existing ads must be changed within 30 days of the notice being made public.
- Thailand is making progress on a central bank digital currency, and local regulators are keeping a close eye on the crypto market. The SEC is looking at Bitkub, the biggest cryptocurrency exchange in the country, to see if it broke any local securities laws.