junio 27, 2017 | Posted in:Blog
ICO Portal Software
The Thai Securities and Exchange Commission (SEC), the country’s main cryptocurrency regulator, has shown the amount of businesses which have applied to function initial 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 expected to be approved in the fourth quarter of the year. In addition, 12 portals are interested but have not formally applied for a license.
Moreover, the SEC will set up a committee of ICO experts and SEC representatives to oversee ICOs and ICO portals in SeptemberBitcoincasino.us review >Firm 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 firm has been soliciting investors through social websites for business shares and pre-ICO tokens in the amount of 500 million baht (~US$15,346,130).
Emphasizing that DB Hold Plc is not authorized to issue tokens, the SEC says that it has ordered the company to stop all actions. Moreover, the regulator reiterates that no company was granted approval to issue new tokens. Firms that launched their tokens prior to the adoption of the country’s crypto regulations, however, are 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 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 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 high-profile bitcoin fraud case involving a renowned soap actor scamming a Finnish bitcoinerwhich bitcoin wallet is good for ignition casino bitcoin casino with no deposit required business has come up with a plan. Jmart is seeking permission from the Bank of the SEC and Thailand to use Jfincoin for payments beginning with its Jmart stores. If approved, this coin are the legal token which may be used for payments in the country, the publication conveyed.
What do you think about the way Thailand is handling ICOs? Tell us in the comments section below.
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