5 ICO projects may soon launch in Thailand, regulator says

The Thai financial regulator, the Securities and Exchange Commission (SEC), is poised to approve five ICO projects to register for fundraising procedures, as soon as the organic law of Thailand’s digital asset decree takes effect in late June. The SEC has received a total of 50 applications for ICO projects seeking to raise funds from the Thai capital market. Of these, five have been identified as ready as initial pilot projects. No further details were given about the five ICO projects. The Thai securities regulator has been working on expanding its division to be able to accept ICO registration applications in addition to IPOs submissions. The SEC is expected to continue screening such ICO projects with detailed scrutiny since several scams have surfaced disguised as ICOs in the past.

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