News

Thailand Tightens On Crypto Advertising

The Securities and Exchange Commission (SEC) of Thailand said on Thursday that cryptocurrency advertising must disclose the risks of investing in the nascent asset class.
Thailand Tightens On Crypto Advertising 4

On September 1, the Thai SEC notified cryptocurrency-related businesses nationwide through email that advertisements relating to digital currencies must include clear investing cautions to consumers. The message was later made public on the SEC’s website.

According to the SEC, digital asset marketing now lacks caution about crypto’s high volatility and is limited to positive material, which may mislead the general public.

Thailand Tightens On Crypto Advertising 5

Bitcoin advertisements could only be carried on official business channels, and corporations must comply with the new standards within a month.

Prominent cryptocurrency exchanges, such as Bitkub and Zipmex, have advertisements on large street billboards and in public transportation hubs in the country, marketing their mobile applications and services to prospective consumers. The SEC fined Zipmex 1.92 million baht ($52,287) for violating local digital asset laws by halting trading on its platform.

Thailand Tightens On Crypto Advertising 6

According to the SEC’s directive, advertising services in public places is still legal.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

57 minutes ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

2 hours ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

2 hours ago

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

3 hours ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

3 hours ago

MicroStrategy Convertible Notes Now Out of Stock With $3B Raised

The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…

3 hours ago

This website uses cookies.