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The Thai authorities expand the rules for regulating the primary location of the tokens

The government intends to improve the legislation in this industry.

29.Jan.18 11:49 PM
By Shawn Highstraw


The Thai authorities expand the rules for regulating the primary location of the tokens
Shortly, in Thailand, there will be a discussion of an expanded regulatory framework governing the prime location of tokens. As reported by, the rules existing for Initial Coin Offering (ICO) will be supplemented, for which the profile departments actively discuss with each other.

SEC Secretary-General Rapi Suharitakul considers it necessary to resolve all issues related to the regulation of the ICO. In his opinion, the lack of an agreed national policy in this area may cause investors to doubt the legitimacy of the primary placements of the tokens.

The official emphasized the growth of Initial Coin Offering's popularity in the technological sector. He explained the relevance of the ICO to the possibility of maximally prompt raising of funds for a particular project without the need to provide accounting documentation.

By the way, the official primary placement of the tokens by the Thai company Jaymart J Ventures should be completed in March. Through the ICO is planned to realize one hundred million coins called JFin. The cost of the token will be $ 0.2. Thus, the company expects to receive over $ 21 million in the first stage of placement.

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