The Thai Securities and Exchange Commission (SEC) has recently announced the lifting of investment restrictions on retail investors who are interested in real estate-based digital tokens. This move aims to strike a balance between protecting investors and promoting innovation in the digital asset industry.
Enhancing Investor Protection
Effective from January 16, the SEC has updated its criteria for investing in digital tokens to ensure that investors receive adequate protection. As a result, retail investors are no longer subject to investment restrictions when purchasing real estate-based digital tokens. Previously, these investors were limited to an investment not exceeding $8,430 (300,000 baht).
Furthermore, the new criteria also lift restrictions on retail investors who are interested in investing in digital tokens that generate revenue from underlying real estate assets or infrastructure. This change allows more flexibility and opportunities for retail investors to diversify their portfolios.
The SEC's decision to remove these restrictions is aimed at protecting crypto investors while fostering innovation in the digital asset industry. The regulator believes that striking a balance between these two objectives is crucial for the sustainable growth of the market.
Public Feedback and Approval Process
The SEC's announcement of the updated criteria comes after seeking public feedback on its draft released on September 23. The regulator received feedback from various stakeholders, and the majority expressed agreement with the principles outlined in the draft.
In addition to lifting restrictions on retail investors, the SEC's updated criteria also address the creation of custodial wallet provider businesses. Digital asset entities that wish to diversify into other businesses must obtain approval from the SEC before doing so.
Promoting Compliance and Dependability
The SEC emphasizes the importance of digital asset service providers operating within the boundaries of the law to ensure the quality and dependability of the Thai crypto market. By enforcing compliance, the regulator aims to create a trustworthy environment for investors and foster the growth of the industry.
What are your thoughts on the Thai SEC's decision to remove investment restrictions on digital assets? Share your opinions in the comments section below.
Frequently Asked Questions
Should You Buy Gold?
Gold was considered a safety net for investors during times of economic turmoil in the past. Many people are now turning their backs on traditional investments like stocks and bonds, and instead look to precious metals like Gold.
While gold prices have been rising in recent years they are still low relative to other commodities, such as silver and oil.
Some experts believe that this could change very soon. According to them, gold prices could soar if there is another financial crisis.
They also mention that gold is becoming more popular due to its perceived worth and potential return.
Consider these things if you are thinking of investing in gold.
- First, consider whether or not you need the money you're saving for retirement. It's possible to save for retirement without putting your savings into gold. However, you can still save for retirement without putting your savings into gold.
- Second, be sure to understand your obligations before you purchase gold. Each account offers different levels of security and flexibility.
- Last but not least, gold doesn't provide the same level security as a savings account. It is possible to lose your gold coins.
Don't buy gold unless you have done your research. Protect your gold if you already have it.
Can I keep a Gold ETF in a Roth IRA
This option may not be available in a 401(k), but you should look into other options such as an Individual Retirement account (IRA).
A traditional IRA allows contributions from both employee and employer. Another option is to invest in publicly traded corporations with an Employee Stockownership Plan (ESOP).
An ESOP is a tax-saving tool because employees have a share of company stock as well as the profits that the business generates. The tax rate on money that is invested in an ESOP is lower than if it was held in the employees' hands.
You can also get an Individual Retirement Annuity, or IRA. An IRA lets you make regular, income-generating payments to yourself over your life. Contributions to IRAs will not be taxed
Can the government seize your gold?
You own your gold and therefore the government cannot seize it. It is yours because you worked hard for it. It belongs to your. This rule could be broken by exceptions. If you are convicted of fraud against the federal government, your gold can be forfeit. If you owe taxes, your precious metals could be taken away. You can keep your gold even if your taxes are not paid.
Is it a good retirement strategy to buy gold?
Although buying gold as an investment might not sound appealing at first, when you look at the average annual gold consumption worldwide, it is worth looking into.
Physical bullion bars are the most popular way to invest in gold. You can also invest in gold in other ways. It is best to research all options and make informed decisions based on your goals.
For example, purchasing shares of companies that extract gold or mining equipment might be a better option if you aren't looking for a safe place to store your wealth. If you need cash flow from an investment, purchasing gold stocks is a good choice.
You can also put your money in exchange traded funds (ETFs). These funds allow you to be exposed to the price and value of gold by holding gold related securities. These ETFs can include stocks of precious metals refiners and gold miners.
How much of your IRA should include precious metals?
It's important to understand that precious metals aren't only for wealthy people. It doesn't matter how rich you are to invest in precious metals. In fact, there are many ways to make money from gold and silver investments without spending much money.
You might consider purchasing physical coins, such as bullion bars and rounds. Also, you could buy shares in companies producing precious metals. You may also be interested in an IRA transfer program offered by your retirement provider.
Regardless of your choice, you'll still benefit from owning precious metals. They are not stocks but offer long-term growth.
Their prices rise with time, which is a different to traditional investments. This means that if you decide on selling your investment later, you'll likely get more profit than you would with traditional investing.
Statistics
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
External Links
finance.yahoo.com
investopedia.com
law.cornell.edu
- 7 U.S. Code SS7 – Designation Boards of Trade as Contract Markets
- 26 U.S. Code SS 408 – Individual retirement account
wsj.com
- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- Are you interested in keeping gold in your IRA at-home? It's not exactly legal – WSJ
How To
Tips to Invest in Gold
One of the most sought-after investment strategies is investing in gold. This is because there are many benefits if you choose to invest in gold. There are many ways you can invest in gold. Some people choose to purchase gold coins physically, while some prefer to invest with gold ETFs.
Before you purchase any type or gold, here are some things to think about.
- First, check to see if your country permits you to possess gold. If you have permission to possess gold in your country, you can then proceed. Otherwise, you can look into buying gold from abroad.
- You should also know the type of gold coin that you desire. There are many options for gold coins: yellow, white, and rose.
- Third, consider the cost of gold. It is best to start small and work your way up. It is important to diversify your portfolio whenever you purchase gold. Diversifying assets should include stocks, bonds real estate mutual funds and commodities.
- Don't forget to keep in mind that gold prices often change. Therefore, you have to be aware of current trends.
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By: Terence Zimwara
Title: Thai Securities and Exchange Commission Removes Restrictions on Digital Asset Investments
Sourced From: news.bitcoin.com/thai-securities-and-exchange-commission-lifts-restrictions-on-digital-asset-investments/
Published Date: Fri, 19 Jan 2024 10:30:49 +0000
