The FTX collapse spurred action from yet another financial watchdog. The Thailand Securities and Exchange Commission (SEC) is gearing up to impose more stringent regulations on crypto assets similar to that of the global market in a bid to protect investors.
According to Bangkok Post, the SEC said that regulators should play a greater role in enhancing investor protection mechanisms.
The regulator has established a working committee consisting of relevant government agencies and private sector representatives to study and propose ways to enhance the laws to adapt to the market.
The use of decentralized ledger technology (DLT) in business will also be a focus of the recommendation.
Monitoring new potential risks and investor protection will take the center stage.
The SEC has also asserted that matters relating to governing advertisements and product promotions, preventing conflicts of interest, as well as strengthening cybersecurity will be addressed with effective regulations.
The coll
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