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The Thai Securities and Exchange Commission (SEC), the country’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 anticipated to be accepted in the fourth quarter of this year. In addition, 12 more portals are interested but have not officially applied for a permit.
Moreover, the SEC will set up a committee of SEC agents and ICO pros to oversee ICO and ICOs portalsZigZag777 Casino casino >Business Issuing Token Without License
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 says 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 tokens that are new. Firms that launched their tokens before the adoption of the nation’s crypto regulations, however, 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 approximately 1.70 baht (~$0.05) within 6 weeks of launching, Mgr Online reported.
Adding to the loss of investor confidence is the allegation that a Jventures executive was involved in the high-profile bitcoin fraud case involving a well-known soap celebrity scamming the information outlet, a bitcoinerget bitcoin casino method best free bitcoin casino business has come up with a strategy. Jmart is seeking permission from the Bank of the SEC and Thailand to use Jfincoin for payments in stores, starting with its own Jmart stores. This coin are the first token which may be used for payments in the nation if accepted, the publication conveyed.
What do you think of how Thailand is handling ICOs? Let us know in the comments section below.
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Source: bitcoincasinoreview.net
