Thailand SEC Cracks Down on Illicit Funds with Expanded Oversight

The Thailand Securities and Exchange Commission (SEC) is introducing new rules to enhance its regulatory framework for the cryptocurrency market. The proposed regulations focus on combating illicit funds by requiring approval for entities providing funds through multiple channels.

Under the new framework, all entities that provide funds through direct investment, equity acquisition, guarantees, or other contractual arrangements will be classified as shareholders and subject to regulatory review. This move aims to prevent financial crimes and reduce legal risks for compliant operators in the market.