Thailand’s Securities and Exchange Commission (SEC) is considering lifting the 300,000 baht (about $8,800) retail investment limit for initial coin offerings (ICO) to stimulate investments in digital tokens.

As reported by the local media Bangkok Post, the Thai regulator has opened a public hearing until 27 April on its plans to remove the limit for asset-backed ICOs, including the ones backed by real estate and infrastructure projects. Under the current rules, retail investors can only invest up to 300,000 baht in a project through an ICO.

“The revision of the regulation is aimed at enhancing effective monitoring of digital asset operations and reducing risks that might affect investors, digital asset operators, and the market,” the Thai regulator said.

The SEC highlighted that the move to lift the ICO limit for retail investors would allow more retail investments, increasing their risk exposure.

(By Arnab Shome)