Thailand SEC Issues Warning on Unregulated ICOs-1.3

Since the beginning of the year Thailand has slowly warmed to cryptocurrencies. Initially the government intended to impose crippling taxes on buying and trading them, and ban ICOs which would have been the end of the nascent industry in the Kingdom.

What the Securities and Exchange Commission of Thailand has done is develop a regulatory framework that has seen a number of exchanges and ICO projects apply for approval to operate within the country. Those outside of that circle, without prior SEC approval, have been on the end of a warning as reported by the Bangkok Post over the weekend.

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