ICO Portal Applications
The Thai Securities and Exchange Commission (SEC), the nation’s main cryptocurrency regulator, has revealed the number of companies which have applied to function first 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 ruler is reviewing six software for ICO portals, which are expected to be approved in the fourth quarter of the year. In addition, 12 portals are interested but have not officially applied for a license.
Moreover, the SEC will set up a committee of ICO experts and SEC representatives to oversee ICO and ICOs portalsvegas casino accepting bitcoin bitcoin casino free btc >Business Issuing Token Without Permit
The SEC issued a public warning last week about DB Hold Plc soliciting investments in shares 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 media for company shares and pre-ICO tokens in the sum of 500 million baht (~US$15,346,130).
The SEC claims that it has ordered the company to stop all activities. The regulator reiterates that no firm was granted approval to issue tokens. Companies that launched their tokens before 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 business 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 weeks of launching, Mgr Online reported.
Adding to the loss of investor confidence is the allegation that there has been a former Jventures executive involved in the high-profile bitcoin fraud case involving a renowned soap celebrity scamming a bitcoinerthe highest payout for casino bitcoin bitcoin casino slot machines business has now come up with a new strategy. Jmart is currently seeking permission from the Bank of the SEC and Thailand to use Jfincoin for payments in stores, beginning with its Jmart stores. This coin will be the legal token which may be used for payments in the country, if approved, the publication conveyed.
What do you think of the way Thailand is managing ICOs? Tell us in the comments section below.
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