Thailand’s financial regulator the Securities and Exchange Commission (SEC) has confirmed five ICOs are ready to raise funds via the country’s new fundraising regulations, local media Bangkok Post reported June 13.
Following new regulations governing cryptocurrencies that took effect May 14, ICOs will face obligatory requirements to register with the regulator, along with various other restrictions.
According to Thawatchai Kiatkwankul, director of corporate finance at the SEC’s equity department, out of a total of 50 prospective offerings, only five unnamed ICOs are “ready” to go ahead under the new legal framework.
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