ICO Portal Applications
The Thai Securities and Exchange Commission (SEC), the nation’s main cryptocurrency regulator, has revealed the amount of businesses which have applied to function initial coin supplying (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 anticipated to be accepted in the fourth quarter of the year. Moreover, 12 more portals are interested but have not applied for a license.
The SEC will set up a committee of SEC agents and ICO pros to oversee ICO and ICOs portals >Firm Issuing Token Without License
The SEC issued a public warning last week about DB Hold Plc soliciting investments in stocks and a token without approval after receiving inquiries from investors concerning the company and bitcoin casino no deposit bonus 2018.
After investigating, the SEC found that the company has been soliciting investors through social websites for business shares and pre-ICO tokens in the amount of 500 million baht (~US$15,346,130).
Emphasizing that DB Hold Plc isn’t authorized to issue tokens, the SEC says that it has ordered the company to stop all actions related to the issuance of the token. The regulator reiterates that no company has been granted approval to issue tokens that are new. Companies that launched their tokens before the adoption of the country’s crypto regulations, however, are exempt from having to apply for a license.
New Plan for First ICO by Thai Stock Exchange-listed Company
Jmart Plc is the first company listed on the Stock Exchange of Thailand to issue a token. The company issued Jfincoin through its subsidiary, Jventures Plc. Despite much effort, the coin’s value has dropped from 6.60 baht (~$0.20) per coin in February to about 1.70 baht (~$0.05) within 6 months of launch, Mgr Online reported.
Adding to the loss of investor confidence is the allegation that a former Jventures executive was involved in the high-profile bitcoin fraud case involving a soap actor scamming a Finnish bitcoiner, the information outletcasinos just another wordpress casino outside joplin mo business has now come up with a new plan. Jmart is currently seeking permission from the Bank of Thailand and the SEC to use Jfincoin for payments beginning with its Jmart stores. This coin will be the first legal token that may be used for payments in the country if approved, the publication conveyed.
What do you think about how Thailand is managing ICOs? Let us know in the comments section below.
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Source: bitcoincasinoreview.info
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