Investors Monitoring Progress of Thailand’s ICO Portals

Asia Blockchain Review
July 12, 2019

Financial authorities and regulators in Southeast Asia are racing to understand and regulate emerging businesses related to cryptocurrency and blockchain technology. In Thailand, the board of the Securities and Exchange Commission (SEC) has already approved the licenses of three initial coin offering (ICO) portals, although when these companies may begin business operations is still pending further announcements from the Thai regulator.

Thai ICO Portals Receive Regulatory Approval 

ICO portals serve as gatekeepers – screening ICOs, conducting due diligence, and verifying Know-Your-Customer (KYC) checks.

In 2018, the Royal Decree on the Digital Asset Businesses was enacted to regulate the offering of digital assets and businesses undertaking digital-asset-related activities, with the goal of encouraging technological innovation while protecting investors from fraud and deception.

The approved Thai ICO portals were Longroot, T-BOX, and SE Digital. 

Driving Cryptocurrency in Thailand

Longroot​ reveals on its website that it offers regulated financial services for digital assets. Meanwhile, T-BOX is a digital asset company aiming to establish a global digital asset capital markets platform which can provide high quality investing and financing alternatives for investors and corporations alike.

Finally, SE Digital — a subsidiary of financial services firm Seamico Securities — is a financial advisory company focused on providing a one-stop shop for digital security offerings.

In June 2019, Asia Blockchain Review (ABR) welcomed T-BOX and SE Digital as speakers in the Unblock Bangkok meetup series, where key stakeholders and leading blockchain players gathered for sharing and networking sessions.

Follow Asia Blockchain Review on:

About the author
Asia Blockchain Review

Gateway to Blockchain in Asia

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. We aim to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Related Article
G20 Leaders: Crypto Assets Do not Pose a Threat
G20 leaders reaffirmed at the Osaka summit late last month that digital currencies are no threat to ...

July 17, 2019

Thai Business School, Blockchain Advisory Jointly Offer Blockchain Course
NIDA Business School, a leading graduate-level institution in Thailand, is collaborating with a bloc...

July 17, 2019

Blockchain Firm ConsenSys Secures $10M from South Korea’s SK Group
The investment from South Korea’s largest telecom comes as Asia’s fourth largest economy gets more i...

July 17, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us