ICO Portal Software
The Thai Securities and Exchange Commission (SEC), the country’s main cryptocurrency regulator, has shown the amount of businesses that have applied to operate first coin supplying (ICO) portals in the nation.
According to the Bangkok Insight, Mrs. Praopon Senanarong, the Assistant Secretary of the Thai SEC, said that the regulator is reviewing six software for ICO portals, which are expected to be accepted in the fourth quarter of the year. Moreover, 12 more portals are interested but have not formally applied for a license.
The SEC will set up a committee of SEC representatives and ICO pros to oversee ICO and ICOs portalsonehash scam >Firm 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 media 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 stop all actions. The regulator reiterates that no company was granted approval to issue tokens that are new. Firms that launched their tokens before the adoption of the country’s crypto regulationsare exempt from having to apply for a license.
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 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 renowned soap actor scamming the information outlet, a bitcoinerbitcoin casino free spins at what rate bitcoin cashout ignition 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 starting with its Jmart stores. If approved, this coin are the first token that may be used for payments in the nation, the book conveyed.
What do you think about how Thailand is managing ICOs? Tell us in the comments section below.
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