ICO Portal Software

The Thai Securities and Exchange Commission (SEC), the country’s key cryptocurrency regulator, has revealed the number of companies which have applied to operate 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 ruler is reviewing six applications for ICO portals, which are anticipated to be accepted in the fourth quarter of the year. Moreover, 12 more portals are interested but have not officially applied for a permit.

Moreover, the SEC will set up a committee of SEC representatives and ICO pros to oversee ICO and ICOs portals in SeptemberTrusted Trueflip casino >Business Issuing Token Without Permit

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

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

The SEC claims that it has ordered the company to stop all actions. Moreover, the regulator reiterates that no firm was granted approval to issue tokens that are new. Companies that launched their tokens before 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 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 weeks of launch, 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 soap celebrity scamming the information outlet detailed, a Finnish bitcoinerbuy bitcoin casino software bitcoin casino use free spins company has now come up with a new strategy. 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 that can be used for payments in the country, the publication conveyed.

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

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Source: bitcoincasinoreview.net