Thailand SEC Announces Imminent Launch of Country’s First Cryptocurrency ICO Portal

Thailand’s Security and Exchange Commission is set to authorize the first cryptocurrency Initial Coin Offering (ICO) portal. Following the launch of the ICO portal, the first approved Coin Offering will possibly be issued in December.

Thai SEC to Approve First ICO Portal in November

According to The Bangkok Post, the first ICO Portal will likely receive authorization this November. With the approval of the ICO portal, the process of certifying Initial Coin Offering Projects will begin.

Earlier in the year, the Thai SEC published the regulatory framework for the issuance of ICOs and the approval process for ICO portals in line with the country’s digital asset decree. The decree mandates that any ICO issuer must receive approval from the SEC. Approved ICOs can only offer digital tokens to investors through ICO portals. The ICO portals, in turn, must receive regulatory authorization to operate from the SEC before allowing any token offerings. Along with other requirements, a…