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New ICOs Expected in Q3 Trueflip casino | Virgen de Medjugorje
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New ICOs Expected in Q3 Trueflip casino


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Five ICO Projects Expected to be Approved

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

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

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

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

New ICOs Expected in Q3

The regulator has put the brakes on all new ICOs, 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 clarifiedGet up to 1 Bitcoin Free on 7Bit 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, stated this week that an ICO issuer must first gain approval from the ICO portal it needs to be listed on, Prachachat Turakij explained. ICO portals will behave like financial advisors to the issuers, making certain that all know-your-customer (KYC) rules are followed. After gaining the approval of the ICO portal, the SEC will take about two months to review the ICO before approving it.

Must meet a number of criteria set 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 job or no more than 70% of the whole value of provided tokens, as news.Bitcoin.com previously reported. The limits don't exist for both ultra-high-net-worth and institutional investors.

Thai SEC's Future Strategies 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 screen potential scams.

The publication elaborated, with reference to this manager:

Rules and regulations associated with asset investment and trades could be eased, given that market participants are more educated on digital asset investment and competition is on a level with 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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Source: bitcoincasinoreview.info


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