{"id":34962,"date":"2022-09-02T09:53:18","date_gmt":"2022-09-02T13:53:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=34962"},"modified":"2022-09-02T09:53:24","modified_gmt":"2022-09-02T13:53:24","slug":"thailand-sec-to-impose-strict-guidelines-for-crypto-related-ads","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/thailand-sec-to-impose-strict-guidelines-for-crypto-related-ads\/","title":{"rendered":"Thailand SEC to impose strict guidelines for crypto-related ads"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-thailand-s-securities-and-exchange-commission-sec-is-set-to-impose-strict-regulations-on-cryptocurrency-related-adverts-in-the-country\">Thailand's Securities and Exchange Commission (SEC) is set to impose strict <a href=\"https:\/\/coinscreed.com\/staging\/crypto-firms-in-singapore-undergo-examines-ahead-of-new-regulations-report.html\" target=\"_blank\" rel=\"noreferrer noopener\">regulations <\/a>on cryptocurrency-related adverts in the country.<\/h5>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"740\" height=\"360\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Thai-SEC-introduces-new-rules-for-digital-asset-custodians-to-protect-investors.jpg\" alt=\"Thailand SEC to impose strict guidelines for crypto-related ads\" class=\"wp-image-8570\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Thai-SEC-introduces-new-rules-for-digital-asset-custodians-to-protect-investors.jpg 740w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Thai-SEC-introduces-new-rules-for-digital-asset-custodians-to-protect-investors-300x146.jpg 300w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><figcaption>Thailand SEC to impose strict guidelines for crypto-related ads<\/figcaption><\/figure>\n\n\n\n<p>By email, the Thai SEC reminded cryptocurrency-related companies operating there that, as of September 1, all consumer-facing advertisements for digital currencies must include unambiguous investment warnings. Later, the announcement was published on the SEC website.<\/p>\n\n\n\n<p>In response to a series of <a href=\"https:\/\/www.google.com\/search?q=Thailand+SEC+to+impose+strict+guidelines+for+crypto-related+ads&rlz=1C1SQJL_enNG889NG889&oq=Thailand+SEC+to+impose+strict+guidelines+for+crypto-related+ads&aqs=chrome..69i57.566j0j9&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noreferrer noopener\">marketing campaigns<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> that failed to contain investment risk warnings, the securities regulator established new requirements for advertisements related to cryptocurrencies.<\/p>\n\n\n\n<p>Ads must comply with the new requirements, which forbid making false, deceptive, or inflated promises or including cautions about investing dangers. The SEC also advocates for balanced advertising, which would require mentioning both the benefits and drawbacks of the goods or services being marketed.<\/p>\n\n\n\n<p>Companies will be required to limit their use of &#8220;official channels,&#8221; such as their own websites, for advertising that directly promotes cryptocurrencies.<\/p>\n\n\n\n<p>They will also have to provide the SEC with information on all advertisements and spending, including the use of bloggers and influencers on <a href=\"https:\/\/coinscreed.com\/staging\/sudorare-shuts-down-its-services-social-media-accounts.html\" target=\"_blank\" rel=\"noreferrer noopener\">social media<\/a> and the conditions under which they were used.<\/p>\n\n\n\n<p>Famous cryptocurrency exchanges like Bitkub and Zipmex advertise their mobile applications and services to potential consumers in the nation on enormous street billboards and in public transportation hubs. According to the SEC's directive, service advertising is still legal in public areas.<\/p>\n\n\n\n<p>As the SEC continues to build frameworks that are positioned to safeguard domestic retail investors, companies have been given a month to comply with the new rules. This would entail modifying or upgrading current <a href=\"https:\/\/coinscreed.com\/staging\/uks-asa-censures-arsenal-fc-for-misleading-crypto-advertisement.html\" target=\"_blank\" rel=\"noreferrer noopener\">advertisements <\/a>across print, internet, and offline venues.<\/p>\n\n\n\n<p>The SEC further stated that the action was consistent with legal requirements established in other nations like the United Kingdom, Singapore, and Spain, which had previously established stronger regulations for advertising relating to cryptocurrencies.<\/p>\n\n\n\n<p>The Thai SEC had a busy month in August 2022 as it authorized the operation of four new cryptocurrency-related firms. The regulator also scrutinized Bitkub, fining its CTO Samret Wajanasathian for allegedly engaging in insider trading of the company's KUB token prior to a lucrative investment agreement with Thailand's Siam Commercial Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thailand&#8217;s Securities and Exchange Commission (SEC) is set to impose strict regulations on cryptocurrency-related adverts in the country. By email, the Thai SEC reminded cryptocurrency-related companies operating there that, as of September 1, all consumer-facing advertisements for digital currencies must include unambiguous investment warnings. Later, the announcement was published on the SEC website. In response [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":8570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[11247,143,2125],"class_list":["post-34962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-related-ads","tag-sec","tag-thailand"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/08\/Thai-SEC-introduces-new-rules-for-digital-asset-custodians-to-protect-investors.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=34962"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/8570"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=34962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=34962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=34962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}