Thailand SEC Imposes New Guidelines on Crypto Advertising

Monthly Fees Mandated on Crypto Firms in Uzbekistan
  • The risk warning, according to the Thailand SEC, must be both clear and prominent.
  • The Thailand SEC said that promotion must be conducted via authorized means only.

The Thailand SEC has lately reexamined advertising regulations and imposed certain new guidelines, including a mandate for companies to inform consumers of investing dangers.

A press statement issued by the Thailand SEC on Thursday detailed the new rules for commercial promotion. To guarantee an unrestricted advertising strategy, the SEC has underlined a few criteria that digital asset businesses must observe. Companies are forbidden, among other things, to preface advertisements for their products with a disclaimer about the potential dangers of investing.

Stringent Rules Over Ads

The SEC has noted that several cryptocurrency organizations routinely include warnings about potential harm in their product promotions. Investors are enticed to buy the product despite their incomplete understanding of the hazards associated with this deliberate omission.

The risk warning, according to the Thailand SEC, must be both clear and prominent. Organizations should also provide any unfavorable product details with warnings. The Thai government has found that crypto advertising often excludes any mention of the dangers associated with making an investment. Because of this, the true extent of the risks has been played down.

Thailand has created several advertising restrictions in addition to the risk notice guideline. One of these standards is that no false or misleading statements may be made in the ad. The SEC has issued a statement emphasizing the importance of not making any false or misleading claims.

The Thailand SEC said that promotion must be conducted via authorized means only. This will aid the regulator in keeping tabs on the kind of assets that companies are selling, allowing it to weed out the ones that pose the most danger to investors. However, the governing body did note that businesses are free to promote their offerings using whatever means they see fit.

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