Comments: Pas de commentaire
ICO Portal Software
The Thai Securities and Exchange Commission (SEC), the country’s key cryptocurrency regulator, has revealed the amount of businesses that have applied to operate 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 expected to be approved in the fourth quarter of the year. Moreover, 12 portals are interested but have not formally applied for a permit.
Furthermore, the SEC will set up a committee of SEC representatives and ICO pros to oversee ICO and ICOs portals in SeptemberBitcoin Casino – https://bitcoincasinoreview.info >Business Issuing Token Without Permit
The SEC issued a public warning last week about DB Hold Plc soliciting investments in shares 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 was soliciting investors through social websites for company shares and pre-ICO tokens in the amount of 500 million baht (~US$15,346,130).
The SEC says that it has ordered the company to stop all activities. The regulator reiterates that no firm has been granted approval to issue tokens. Firms that launched their tokens prior to the adoption of the crypto regulations of the country , 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 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 was a former Jventures executive involved in the high-profile bitcoin fraud case involving a renowned soap celebrity scamming the news outlet, a bitcoinerTrusted betchain casino business has now come up with a plan. Jmart is currently seeking permission from the Bank of Thailand and the SEC to use Jfincoin for payments beginning with its own Jmart stores. If approved, this coin are the first legal token which can be used for payments in the country, the book conveyed.
What do you think of how Thailand is managing ICOs? Tell us in the comments section below.
Pictures courtesy of Shutterstock.
Need to calculate your bitcoin holdings? Check our tools department.