Boost for Thailand’s Digital Economy: Streamlined ICO Shelf Filing Rules for Soft Power Sectors

The Securities and Exchange Commission (“SEC”) recently announced amendments to the regulations related to Initial Coin Offering (“ICO”) shelf filing and to the cap on funds raised from retail investors. These amendments came into effect on September 16, 2024, and are designed to expand the options available for ICO applications, supporting the financing of soft power industries and fostering the growth of Thailand's digital and creative economies. These regulatory updates followed a comprehensive public consultation process conducted in June 2024.