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New ICOs Expected in Q3 Trueflip casino

Five ICO Projects Expected to be Approved

The Thai Securities and Exchange Commission (SEC) is expected to approve five initial coin offering (ICO) projects once the law to govern cryptocurrencies and ICOs goes into effect, according to the Bangkok Post. The Commission approved the relevant regulations before this week and expects them to become law by the end of the month, as previously reported.

While the SEC has not revealed which ICO projects will be accepted, Mr. Thawatchai Kiatkwankul, the Commission’s director of corporate finance in the equity department, was quoted by the news outlet:

From 50 ICO projects hoping to raise funds from the Thai capital market, five are ready as first pilot projects and bitcoin real casino terminal.

The announcement follows ZMN: Jfin Coin by Jay Mart Plc’s subsidiary, J Ventures Limited, and two launched ICOs in Thailand.

New ICOs Expected in Q3

Before the legislation takes effect, the regulator has put the brakes. However,”Previously-leveraged companies are still able to make transactions as ordinary since the law does not apply retroactively,” Krungthep Turakij clarifiedno deposit bitcoin casino bitcoin casino bonus code id=”attachment_174530″ class=”wp-caption alignright”>Mrs. Tipsuda Thavaramara.

Mrs. Tipsuda Thavaramara, Deputy Secretary-General of the Thai SEC in charge of Policy and Corporate Finance Groups, said this week that an ICO issuer must first get approval from the ICO portal it needs to be listed on, Prachachat Turakij explained. ICO portals will act like financial advisors to the issuers, making certain that all know-your-customer (KYC) rules are followed. The SEC will take before approving it, to examine the ICO after obtaining the approval of the ICO portal.

Must satisfy a number of criteria. For starters, they have to have registered capital of at least 5 million baht (~US$156,625).

Retail investors can only invest up to 300,000 baht (~$9,343) per ICO job or no more than 70% of the total value of offered tokens, as previously reported. The limits don’t exist for ultra-high-net-worth and institutional investors.

Thai SEC’s Future Plans for ICOs

Mr. Thawatchai Kiatkwankul added that in the future the Commission”is preparing to expand and combine its unit for registration of ICOs with initial public offerings (IPOs),” the Bangkok Post conveyed. Citing that ICO projects have growth potential, he noted that the SEC will work with ICO portals to display potential scams.

The publication elaborated, with reference

Rules and regulations related to digital asset investment and transactions could be eased, given competition is on a level with other asset markets and that market participants are more educated on digital asset investment.

What do you think of Thailand’s policies on ICOs? Let us know in the comments section below.

Images courtesy of Shutterstock and Thai SEC.

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