2018-6-14 17:03 |
Thailand’s securities regulator is reportedly expecting to approve five initial coin offerings (ICOs) later this month.
According to the Bangkok Post on Wednesday, the Thailand Securities and Exchange Commission (SEC) has said that, while 50 ICOs in the country are currently applying for regulatory approval, five of them are already in a position to move ahead.
However, the token sales will have to wait until later in June, when a royal decree on cryptocurrency, finalized last month, formally comes into law.
If the registrations do go ahead, it will mark Thailand as one of the first nations to allow ICOs to proceed legally in a regulated environment.
Other jurisdictions including Bermuda and Russia are also moving to introduce frameworks that would allow approved ICO projects.
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