Thai SEC plans to relax testing regulations for cryptocurrency investors

According to Golden Finance, the Thai Securities and Exchange Commission has proposed amending the ICO regulatory rules to allow non institutional investors to pass a knowledge test without the need for repeated testing, replacing the current requirement of testing every three months. The new regulations will require ICO portals to conduct suitability testing for all digital token investors, with a biennial review to ensure that investors' risk tolerance matches product risk. This move aims to reduce the burden on investors and align with existing securities regulatory standards. The public can submit their opinions on the proposal before August 1st.