Thai SEC Proposes Stricter Oversight for Crypto Firm Financial Backers

The Securities and Exchange Commission (SEC) of Thailand has proposed new regulations aimed at tightening oversight of funding sources for cryptocurrency companies. According to the proposal, regulatory scrutiny will extend to any entity backing major shareholders, whether directly or indirectly. The commission seeks to enhance transparency and ensure the integrity of financial structures supporting digital asset service providers within the country. These regulations are expected to impose stricter compliance requirements, which may impact the expansion pace of firms operating in the sector. While these measures aim to protect the market in the long term, they may increase regulatory hurdles for investors in the immediate future.