Thailand SEC Clamps Down on ICOs: New Investor Testing Rules Shake Crypto Market
Bangkok tightens the screws—retail crypto investors now face mandatory competence exams before touching ICOs.
The Land of Smiles isn't grinning about speculative token sales anymore. Thailand's Securities and Exchange Commission just dropped a regulatory hammer that'll separate the crypto-curious from the financially literate.
Gatekeeping 101
Want to bet your baht on the next hot token project? First prove you understand what a smart contract is—or at least can pretend to on a multiple-choice test.
Bullish on Protectionism
While Silicon Valley VCs get richer playing accreditation loopholes like a Stradivarius, Bangkok opts for the blunt instrument approach. Because nothing says 'investor protection' like government-written pop quizzes.
The move comes as global regulators play whack-a-mole with crypto scams—though ironically, the most sophisticated fraudsters would probably ace these tests blindfolded.
One Bangkok street food vendor summed it up best while flipping satay: 'Now even gambling need diploma?'
