ICO Portal Software

The Thai Securities and Exchange Commission (SEC), the nation’s main cryptocurrency regulator, has shown the number of companies which have applied to function initial 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 ruler is reviewing six software for ICO portals, which are expected to be approved in the fourth quarter of this year. In addition, 12 more portals are interested but have not applied for a license.

The SEC will set up a committee of SEC agents and ICO pros to oversee ICOs and ICO portalsa href= »https://bitcoincasinoreview.info/zigzag777-casino-review »>zigzag777 site >Business Issuing Token Without License

The SEC issued a public warning last week about DB Hold Plc soliciting investments in stocks and a token without approval after receiving inquiries from investors regarding the company and bitcoin casino no deposit bonus 2018.

After investigating, the SEC found that the firm has been soliciting investors through social media for company shares and pre-ICO tokens in the sum of 500 million baht (~US$15,346,130).

Emphasizing that DB Hold Plc isn’t authorized to issue tokens, the SEC claims that it has ordered the company to stop all actions. The regulator reiterates that no firm was granted approval to issue new tokens. Companies that launched their tokens before the adoption of the nation’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 company 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 a former Jventures executive was involved in the bitcoin fraud case involving a soap celebrity scamming a Finnish bitcoinerGet up to 1 Bitcoin Free on Ethereum Sweepstakes bonus code business has come up with a strategy that is new. Jmart is currently seeking permission from the Bank of the SEC and Thailand to use Jfincoin for payments in shops, starting with its own Jmart stores. This coin will be the first token which may be used for payments in the country if approved, the book conveyed.

What do you think of how Thailand is handling ICOs? Let us know in the comments section below.

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Source: bitcoincasinoreview.net