Thailand’s SEC Warns Investors Against Unregistered ICO Investment Risk20.13

Thailand’s Securities and Exchange Commission (SEC) has issued a warning to investors against putting their money into initial coin offerings (ICOs) that are not recognized and authorized by the SEC. On Oct. 25, the Bangkok Post reported that the Thai market regulator has warned against investing in ICOs promoted through a plethora of online media, which the SEC has neither accredited nor acknowledged.

The Thai SEC recently conducted an investigation after discovering that a number of unrecognized sales offering digital assets and cryptocurrencies were being advertised across social media platforms like Facebook and YouTube to Thai investors. The results of the investigation revealed the existence of nine such unregistered and unrecognized ICOs namely,

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