- The warning of the risks, according to the Thailand SEC, should be clear and prominent.
- The Securities and Exchange Commission of Thailand said promotion should only take place through authorized means.
Thailand SEC It recently re-examined advertising regulations and imposed certain new guidelines, including a mandate for companies to inform consumers of investment risks.
A press release issued by the Thailand Small Enterprise Center on Thursday Hinge New rules for commercial promotion. To ensure an unrestricted advertising strategy, the Securities and Exchange Commission has stressed certain criteria that digital asset companies must consider. Companies are prohibited, among other things, from providing advertisements for their products with disclaimers of potential investment risks.
Strict rules on advertising
The Securities and Exchange Commission (SEC) has noted that many cryptocurrency institutions routinely include warnings about potential harm in their promotional product offerings. Investors are attracted to buying the product even though they do not fully understand the risks associated with this willful omission.
The warning of the risks, according to the Thailand SEC, should be clear and prominent. Organizations must also provide any unfavorable details of the product with caveats. The Thai government has found that crypto ads often exclude any mention of investment-related risks. For this reason, the real risk has been underestimated.
Thailand has put in place several advertising restrictions in addition to risk notification guidelines. One of these criteria is that false or misleading statements may not be made in the advertisement. The SEC issued a statement stressing the importance of not making any false or misleading claims.
Thailand SEC said that Upgrade functional It must only be done through authorized means. This regulator will help monitor the type of assets that companies are selling, allowing them to dispose of the assets that pose the greatest risk to investors. However, the Board of Directors noted that companies are free to promote their offerings using any means they see fit.
Recommended for you:
Thailand SEC charges CTO in Bitkub Exchange for insider trading
#Thailand #SEC #imposes #guidelines #encrypted #ads