The First ICO Portal Could Be Certified This Month by Thai Securities and Exchange Commission

The First ICO Portal Could Be Certified This Month by Thai Securities and Exchange Commission
фото показано с : blokt.com

2018-11-9 17:59

The first initial coin offering (ICO) portal is likely to be certified by the Thai Securities and Exchange Commission (SEC) this month. If all goes well, the first authorized ICO offering on the platform will start in December.

Getting Ready for a New Beginning

Rapee Sucharitakul, the secretary-general of the SEC noted in a statement that:

“At least one ICO portal will be certified in November, then we can approve each ICO offering, which might start in December.”

The commission has also forwarded a list of five crypto businesses to the Finance Ministry, which will provide the final approval of these projects. The SEC is still assessing the applications. However, the businesses will be allowed to operate because they submitted their requests to the commission “within 90 days after the royal decree on digital asset businesses” which took effect on May 14.

The new legislation was enacted to regulate cryptocurrency offerings as well as businesses in the country that engaged in digital asset related activity.

The Six New Businesses Seeking SEC Approval

According to the royal decree of Thailand, digital assets cover cryptocurrencies, digital tokens and other forms of electronic data units that have been specified by the SEC. Currently, six businesses are seeking licenses to operate cryptocurrency exchanges in the country. They are- Bitcoin Co (bx.in.th), Bitkub Online Co Ltd (bitkub.com), Cash2Coins Co Ltd (cash2coins.com), Satang Corporation Co Ltd (tdax.com), Coin Asset Co Ltd (coinasset.co.th) and Southeast Asia Digital Exchange Co Ltd (seadex.io).

Apart from these, two businesses are seeking licenses to operate as digital asset dealers – Digital Coin Co Ltd (thaiwm.com) and Coins TH Co (coins.co.th).

Mr. Rapee further noted:

“We have always warned investors against being persuaded to invest in ICO offerings because they could be scams or they might not have sufficient liquidity to trade.”

The ICO portals operating in the country will help in screening these offerings, prove the source code of the smart contract, conduct due diligence and verify the KYC process for the customers and investors. Rapee, however, noted that the screening process by the ICO portals might not guarantee success.

Rapee also clarified that the SEC would not make amendments to the royal decree.

The First ICO Portal Could Be Certified This Month by Thai Securities and Exchange Commission was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ICO OpenLedger (ICOO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.2152 (-100%)

ico securities thai commission exchange month portal

Источник: blokt.com

ico securities → Результатов: 126


Фото:

SEC Charges ‘ICO Superstore,’ Digital Hedge Fund Manager with Registration Failures

The U. S. Securities and Exchange Commission is charging two crypto-related entities with registration failures, in what it considers a first for both enforcement actions. TokenLot Hit with Unregistered Broker-Dealers The first to be hit with charges is Michigan-based TokenLot, a self-described “ICO Superstore,” and its owners–Lenny Kugel and Eli Lewitt.

2018-9-12 13:00


US Judge Rules ICOs Covered by Securities Law

After a long period of silence and uncertainty, the U.S. government has stated that at least two initial coin offerings (ICOs) are not exempt from security laws. Howey vs SEC The ruling comes after ICO participants from Recoin and Diamond Reserve Club filed a federal case against the projects’ founder Maksim Zaslavskiy for misleading investors, who […] The post US Judge Rules ICOs Covered by Securities Law appeared first on CryptoSlate.

2018-9-12 10:00


MUST ICO

The MUST Protocol is an open source protocol designed to confirm, account, and manage rights to assets through non-fungible tokens. It offers tools for creating efficient decentralized DApps, ensuring the ease of authentication of information about real tangible and digital assets (vehicles, real estate, equipment, securities, currencies), and rights to these assets.

2018-9-5 08:07


Фото:

Colorado Investigates Bionic Coin, Sybrelabs Ltd. and Global Pay Net for Allegedly Promoting Unregistered ICOs

Colorado is getting serious in its drive to weed out potential bad players in the crypto scene. The Division of Securities of Colorado’s Department of Regulatory Agencies (DORA), via its ICO Task Force, is currently investigating three firms for promoting unregistered initial coin offerings (ICOs).

2018-9-4 16:19


Three Crypto Companies Suspected of Running Fraudulent ICOs in Colorado

Colorado authorities have signed cease and desist orders for three cryptocurrency companies promoting unregistered Initial Coin Offerings (ICOs) within state lines. The orders come as part of a broader investigation of allegedly fraudulent companies operating crypto-related scams as reported by the Department of Regulatory Agencies (DORA).

2018-9-3 22:18


Фото:

NASAA Investigating 200 ICOs for Fraud in “Operation Cryptosweep”

According to an August 28, 2018, report by NASAA, the North American Securities Administrators Association (NASAA) has taken its anti-fraud drive to the next level within the ICO space. Operation Cryptosweep and the ICO Market Since beginning a crackdown on fraudulent ICO’s with “Operation Cryptosweep” in May 2018, the body has engaged in 200 active ICO fraud investigations, up from...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-8-30 13:00


Crypto Friendly Policies Rapidly Drawing Companies to Thailand

Soon after Thailand adopted its regulations for cryptocurrencies and initial coin offerings (ICOs), companies reportedly pile up to apply for licenses to operate in the country. According to the Thai Securities and Exchange Commission, about 50 ICO projects are seeking to launch, five portals plan to open for business and 20 crypto exchanges have applied […] The post Crypto Friendly Policies Rapidly Drawing Companies to Thailand appeared first on Bitcoin News.

2018-8-10 08:25


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Экс-советник Эфириума Стивен Нерайофф подал иск против криптоаналитика Truth Labs на $10 млн

Бывший советник Эфириума Стивен Нерайофф требует от криптоаналитика Truth Labs компенсации в $10 млн за публичную клевету о вымогательстве и пособничестве правительству США в организации покушения.

5 ways of funding blockchain projects

Discover ways of funding blockchain projects. From bootstrapping to ICOs, learn how to secure funding for your venture and drive success. The success or failure of an entrepreneurial venture is closely tied to how much liquidity the startup has. That…

Merlin Chain Launches MERL: A Major Leap Forward in Bitcoin Layer 2 Solutions

Merlin Chain, the largest Bitcoin Layer 2 protocol by total value locked (TVL), is thrilled to announce the launch of its native token, $MERL. As a significant enhancement to the Bitcoin network, Merlin Chain facilitates the rapid growth of decentralized applications (DApps) across various sectors, including decentralized finance (DeFi), gaming and social platforms.