The Thai Securities and Exchange Commission (SEC) has reportedly intended to tighten the guideline for the cryptocurrency industry with a particular focus on investor protection. The regulator highlighted the increasing use of “finfluencers” in crypto advertising, which it is one of the main areas it would work on. The amendment is deemed necessary after the collapse of FTX, Three Arrows Capital, the TerraUSD, Celsius Network and the local exchange, Zipmex. A committee has also been formed to evaluate and prepare the relevant amendments to existing regulations.