ICO Portal Applications
The Thai Securities and Exchange Commission (SEC), the country’s key cryptocurrency regulator, has revealed the amount of companies that have applied to function initial coin offering (ICO) portals in the country.
According to the Bangkok Insight, Mrs. Praopon Senanarong, the Assistant Secretary of the Thai SEC, said that the regulator is reviewing six applications for ICO portals, which are expected to be approved in the fourth quarter of the year. Moreover, 12 more portals are interested but have not officially applied for a permit.
The SEC will set up a committee of SEC representatives and ICO pros to oversee ICO and ICOs portalswithdraw bitcoin to usd using online casino bitcoin casino winning odds >Business Issuing Token Without Permit
The SEC issued a public warning last week about DB Hold Plc soliciting investments in stocks and a token without consent after receiving inquiries from investors concerning the company and bitcoin casino no deposit bonus 2018.
After investigating, the SEC found that the firm was soliciting investors through social websites for business shares and pre-ICO tokens in the amount of 500 million baht (~US$15,346,130).
The SEC claims that it has ordered the company to cease all activities. Furthermore, the regulator reiterates that no company was granted approval to issue tokens that are new. Firms that launched their tokens before the adoption of the nation’s crypto regulationsare exempt from having to apply for a license.
New Plan for First ICO by Thai Stock Exchange-listed Company
Jmart Plc is. The business issued Jfincoin through its subsidiary, Jventures Plc. Despite much effort, the coin’s value has fallen from 6.60 baht (~$0.20) per coin in February to about 1.70 baht (~$0.05) within 6 months of launching, Mgr Online reported.
Adding to the loss of investor confidence is the allegation that there has been a Jventures executive involved in the bitcoin fraud case involving a soap celebrity scamming the information outlet detailed, a Finnish bitcoinerbitcoin casino stock market bitcoin website new casino provably fair company has now come up with a strategy. Jmart is currently seeking permission from the Bank of the SEC and Thailand to use Jfincoin for payments beginning with its own Jmart stores. This coin will be the legal token which may be used for payments in the nation, if accepted, the publication conveyed.
What do you think of how Thailand is managing ICOs? Tell us in the comments section below.
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