ICO Portal Applications
The Thai Securities and Exchange Commission (SEC), the nation’s key cryptocurrency regulator, has shown the amount of businesses which have applied to function first 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 regulator is reviewing six applications for ICO portals, which are anticipated to be accepted in the fourth quarter of the year. Moreover, 12 more portals are interested but have not officially applied for a license.
Moreover, the SEC will set up a committee of SEC agents and ICO pros to oversee ICO and ICOs portals >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 has been soliciting investors through social media for business 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. 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 , 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 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 there was a former Jventures executive involved in the bitcoin fraud case involving a renowned soap actor scamming a Finnish bitcoinerbitcoin casino with free play for new people bitcoin casino software for sale company has now come up with a new plan. Jmart is currently seeking permission from the Bank of the SEC and Thailand to use Jfincoin for payments in shops, beginning with its Jmart stores. This coin are the first legal token which may be used for payments in the nation if approved, the publication conveyed.
What do you think of the way Thailand is handling ICOs? Let us know in the comments section below.
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Source: bitcoincasinoreview.info
