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 first coin offering (ICO) projects once the legislation to govern cryptocurrencies and ICOs goes into effect, according to the Bangkok Post. The Commission approved the relevant regulations earlier 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 approved, the Commission’s director of corporate finance in the equity section, Mr. Thawatchai Kiatkwankul, was quoted by the news outlet:

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

The announcement follows ZMN tokens by Zmine Holdings: Jfin Coin by Jay Mart Plc’s subsidiary and two launched ICOs in Thailand.

New ICOs Expected in Q3

The regulator has put the brakes before the legislation takes effect. However,”Previously-leveraged businesses are still able to make transactions as normal since the legislation doesn’t apply retroactively,” Krungthep Turakij clarifiedwhich bitcoin wallet is good for ignition casino bitcoin casino with no deposit required 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 gain approval from the ICO portal it needs to be listed on, Prachachat Turakij described. ICO portals will behave 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 review the ICO after obtaining the approval of the ICO portal.

Must satisfy several criteria determined by the SEC. 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 project or no more than 70% of the total value of offered tokens, as previously reported. The limits do not exist for both institutional and ultra-high-net-worth investors.

Thai SEC’s Future Strategies for ICOs

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

The publication elaborated, with reference

Regulations and rules associated with asset investment and transactions could be eased, given that market participants are educated on digital asset investment and competition is on a par with other digital asset markets.

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

Images courtesy of Shutterstock and Thai SEC.

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