RATE Group | Thai Regulator Issues Warning Against Several Cryptocurrency Entities
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Thai Regulator Issues Warning Against Several Cryptocurrency Entities

29 Oct Thai Regulator Issues Warning Against Several Cryptocurrency Entities

Posted at 20:03h in Cryptocurrency News by

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The Securities and Exchange Commission of Thailand has issued a warning about several entities that are operating unlicensed cryptocurrencies and/or initial coin offerings in the country, according to the Bangkok Post.

The watchdog has found that the entities have been advertised on social media websites, and have not applied for a licence.

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The Offenders

The cryptocurrencies illegally active in Thailand are as follows:

Every Coin – “Through a fortified and safe security programme and firewall, we increased its excellence and safety to a top world standard.”

This is the native token of Aaron Platform, which was created by one Aaron Jin, of Bangkok.

Orientum Coin – “An unprecedented 65% of investment in Orientum is allocated towards material, tangible assets in the form of real estate, hospitality, tourism, financial investments, green energy industry projects, and educational institutions.”

This coin is operated by EltronX LLC of Tbilisi,…

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