2018-6-14 11:05 |
Regulation
The Thai financial regulator is expected to approve five ICO projects once the new regulatory framework takes effect this month.
Out of 50 ICO projects in the country, only five satisfy the registration requirements set out by the regulator this week.
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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) projects once the law to regulate cryptocurrencies and ICOs goes into effect, according to the Bangkok Post.
While the SEC has not revealed which ICO projects will be approved, Mr. Thawatchai Kiatkwankul, the Commission’s director of corporate finance in the equity department, was quoted by the news outlet:
Out of 50 ICO projects expecting to raise funds from the Thai capital market, five are ready as initial pilot projects.
Citing that ICO projects have growth potential, he further noted that the SEC will work with ICO portals to screen potential scams.
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