Regulator to shift oversight of ICOs to Securities Act

The Securities and Exchange Commission (SEC) plans to transfer oversight of initial coin offerings (ICOs) for investment and utility tokens to the Securities Act in order to remove regulatory overlap and promote digital assets.

Nopnuanparn Pavasant, director of the Fintech Department at the SEC, said the Digital Assets Decree will be amended along with the SEC’s Securities Act to ensure that Thailand’s regulations regarding digital assets trading are in line with international standards.

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Bangkok Post Reporter