Thailand's Securities & Exchange Commission (SEC) announced Thursday that it has tightened cryptocurrency firms' advertising rules.
In an emailed statement sent on Thursday, the SEC told various crypto-related companies operating in the country that ads for digital assets must include clear and visible warnings about the risks of investing in cryptocurrencies.
The SEC tightened rules after discovering that some ads contain no warnings about crypto risks while other promotions feature only positive information.
The regulator's details of the tighter crypto advertising regulations include:
· Advertisements must not feature false, misleading or exaggerated claims
· Warnings of risks must be clear and easy to notice
· The ads must feature balanced views, mentioning both positive and negative factors
· And crypto firms must limit advertising to official channels like their websites
Recently, the authorities announced their plans to provide more protections for retail investors.
The...
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