ICO Portal Applications
The Thai Securities and Exchange Commission (SEC), the country’s main cryptocurrency regulator, has shown the number of businesses which have applied to operate first coin offering (ICO) portals in the nation.
According to the Bangkok Insight, Mrs. Praopon Senanarong, the Assistant Secretary of the Thai SEC, said that the ruler is reviewing six software for ICO portals, which are expected to be approved in the fourth quarter of this year. Moreover, 12 more portals are interested but have not applied for a license.
Furthermore, the SEC will set up a committee of SEC agents and ICO pros to oversee ICOs and ICO portals in SeptemberTrusted onehash casino >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 approval after receiving inquiries from investors regarding the company and bitcoin casino no deposit bonus 2018.
After investigating, the SEC found that the firm 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 claims that it has ordered the company to stop all actions related to the issuance of the token. The regulator reiterates that no firm has been granted approval to issue new tokens. Firms that launched their tokens prior to the adoption of the crypto regulations of the country are exempt from having to apply for a permit.
New Plan for First ICO by Thai Stock Exchange-listed Company
Jmart Plc is. 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 approximately 1.70 baht (~$0.05) within 6 months of launching, Mgr Online reported.
Adding to the loss of investor confidence is the allegation that a former Jventures executive has been involved in the bitcoin fraud case involving a well-known soap celebrity scamming a Finnish bitcoiner, the news outlet detailedbitcoin casino free spins usa best bitcoin casino 2015 company has come up with a strategy. Jmart is seeking permission from the Bank of Thailand and the SEC to use Jfincoin for payments in shops, beginning with its own Jmart stores. This coin will be the first legal token which can be used for payments in the country if approved, the book 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.net
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