Thailand Follows India In Dealing With Misleading Crypto Ads, Publishes New Regulations.
The Thailand Securities and Exchange Commission has published regulations after it was found that crypto ads displayed only the positive aspect and blatantly forgot to mention the proper risks associated with it. Earlier, the advertising regulatory body of India had enacted strong crypto ad guidelines after coming across similar one-sided crypto ads
The Thailand Securities and Exchange Commission (SEC) has published amended regulations related to advertisements associated with cryptocurrencies after it came to light that some crypto ads were showing only the positive aspect of crypto and not properly disclosing the risks associated with it.
The newly amended rules include disclaimers which must be included in crypto advertisements. The Thailand SEC said that the new rules must clearly show investment risks in crypto advertisements, and also provide a balanced view of the potential risk and returns.