Thai Government Cannot Stop Crypto Use – Regulatory Framework Expected in a Month329.01

The relevant ministries will meet and discuss the regulatory framework for digital currencies and initial coin offerings, which is expected to be finalized within a month. The regulators are "Currently drafting legislation to oversee and regulate the use of digital currency, [which is] expected to be finalized within 1 month," Channel 7 reported. The finance minister asserted that if Thailand is to improve its fintech sector, it must be able to regulate cryptocurrencies and ICOs, Prachachat Turakij details. Recently, a mobile distributor listed on the Thailand Stock Exchange, Jaymart, announced plans to let its subsidiary, J Ventures, raise funds through an ICO. With a pre-sale in February and the official ICO in March, the company aims to raise 660 million baht and will use the funds to "Develop a decentralised digital lending platform" using blockchain technology, the Bangkok Post describes.
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