The Thailand Securities and Exchange Commission (SEC) is set to approve five initial coin offerings (ICOs). This move comes after the recent announcement of a new ICO regulatory paradigm in the country. The latest cryptocurrency laws will take effect later in June.
Five out of Fifty
According to the Thai SEC, about 50 projects applied for approval to conduct a fundraising campaign from the country’s capital market. Out of these 50 applications, five are expected to be given the green light once the new laws take effect. Commenting on the decision, the director of Thai SEC equity department’s corporate finance, Thawatchai Kiatkwankul, said that the five chosen projects are ready as initial pilot projects.