Thailand tightens rules for ads related to crypto eosystem.
- Thailand tightens rules on crypto advertising
- The new rules prohibit false or exaggerated information.
- Crypto traders forced to display risk warnings.
Thailand is the latest nation to put stricter rules on cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. advertising and companies in the sector. Earlier, in March of this year, the The country’s Securities and Exchange Commission had banned cryptocurrencies. as a form of payment, but trading was allowed. Also, in January, had eliminated the plan to add a 15% tax to the profits of crypto traders, implying that there is indeed support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for the cryptocurrency industry, it just wants clear rules and transparency.
The new rules for advertising went into effect yesterday, as reported by the securities regulator.
The new restrictions prohibit the inclusion of false or exaggerated information about cryptocurrency companies, such as inflated user numbers, and include the requirement to add warnings clear about the risks of investing in cryptocurrencies.
Warn of risks
La Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission of Thailand (SEC) ) amended existing regulations after noting that many advertisements lacked warnings about the risks associated with cryptocurrencies and that some only showed “positive information”.
The new regulations apply to all new crypto ads that are marketed to local users. Existing ads must be reviewed within 30 days after the notice is published, according to the SEC.
As told by DiarioBitcoin, Similar measures have already been implemented in other countries. Earlier this year there have been similar advertising regulations in Spain, United Kingdom, India, Singapore among other countries. For this reason, many crypto companies and media outlets are already making provisions to include warnings in their crypto-related content.
Version of DiarioBitcoin
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