ICO Portal Software
The Thai Securities and Exchange Commission (SEC), the country’s main cryptocurrency regulator, has shown the amount of companies which have applied to function 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 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 applied for a permit.
Moreover, the SEC will set up a committee of SEC representatives and ICO experts to oversee ICO and ICOs portalsus bitcoin casino no deposit bonus bitcoin casino free bonuses >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 was soliciting investors through social media for company shares and pre-ICO tokens in the sum of 500 million baht (~US$15,346,130).
Emphasizing that DB Hold Plc isn’t authorized to issue tokens, the SEC claims that it has ordered the company to stop all actions related to the issuance of the token. The regulator reiterates that no company was granted approval to issue tokens that are new. Firms that launched their tokens prior to 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 company issued Jfincoin through its subsidiary, Jventures Plc. Despite much effort, the coin’s value has fallen from 6.60 baht (~$0.20) per coin in February to about 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 has been a Jventures executive involved in the bitcoin fraud case involving a soap celebrity scamming the information outlet, a Finnish bitcoinerprovably fair bitcoin casino best online bitcoin casino business has come up with a strategy that is new. Jmart is currently seeking permission from the Bank of the SEC and Thailand to use Jfincoin for payments in shops, starting with its Jmart stores. This coin are the first token which may be used for payments in the nation, if accepted, the book 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
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