Regulators from key crypto markets, including the United Kingdom and Spain, have also taken similar measures against misleading crypto advertisements to minimize losses from crypto investments.
The Securities and Exchange Commission (SEC) of Thailand wants to ensure that crypto investors are not lured into the ecosystem by misleading advertisements.
On April 29, the Thai SEC warned all operating crypto exchanges against glamorizing crypto investments and reminded them to adhere to prescribed advertising standards.
The warning comes from Deputy Secretary-General Anek Yooyuen, who said the commission was concerned about crypto exchanges offering special privileges to onboard users.