Thailand’s crypto community may soon welcome the country’s first initial coin offering (ICO) portal. Local news outlet Bangkok Post reported on Tuesday that the Thai Securities and Exchange Commission (SEC) had recently approved the planned platform.
According to the publication, the platform is now awaiting a green light from other government agencies, including the Commerce Ministry. And while the portal’s launch date remains unknown, Archari Suppiroj, director of the fintech department at the SEC, expects the first ICO deal “in the near future”.
The portal will help screen ICOs, conduct due diligence, prove smart contract source codes and verify the know-your-customer (KYC) process. The platform, however, will not support tokenized securitie…
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