ICO Portal Applications
The Thai Securities and Exchange Commission (SEC), the country’s key cryptocurrency regulator, has revealed the amount of companies which have applied to operate 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. In addition, 12 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 portalsbest bitcoin casino site reddit bitcoin casino use free spins >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 company 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 says that it has ordered the company to cease all activities. Moreover, the regulator reiterates that no company has been granted approval to issue new tokens. Firms 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 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 bitcoin fraud case involving a soap actor scamming the news outlet detailed, a bitcoinerfree no deposit bonus bitcoin casino bitcoin live casino no deposit bonus company has now come up with a plan. Jmart is seeking permission from the Bank of the SEC and Thailand to use Jfincoin for payments starting with its Jmart stores. If approved, this coin will be the legal token that may be used for payments in the country, the book conveyed.
What do you think about how Thailand is handling ICOs? Let us know in the comments section below.
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Source: bitcoincasinoreview.net
