ICO Portal Software
The Thai Securities and Exchange Commission (SEC), the nation’s main cryptocurrency regulator, has shown the amount of companies which have applied to function initial 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 applications for ICO portals, which are expected to be approved in the fourth quarter of the year. Moreover, 12 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 in Septemberbitcoin casino free faucet how do you use bitcoin at online casino >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 regarding the company and bitcoin casino no deposit bonus 2018.
After investigating, the SEC found that the firm has been soliciting investors through social media for company shares and pre-ICO tokens in the sum of 500 million baht (~US$15,346,130).
The SEC says that it has ordered the company to stop all actions related to the issuance of this token. The regulator reiterates that no company was granted approval to issue tokens that are new. Companies 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 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 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 a former Jventures executive has been involved in the high-profile bitcoin fraud case involving a renowned soap celebrity scamming a Finnish bitcoiner, the information outletBitcoin Lottery casino business has now come up with a plan. Jmart is seeking permission from the Bank of Thailand and the SEC to use Jfincoin for payments beginning with its own Jmart stores. This coin will be the first token which can be used for payments in the nation, if accepted, the book conveyed.
What do you think of the way Thailand is managing ICOs? Tell us in the comments section below.
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