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:

• Telegram: https://t.me/asiablockchainreview
• Facebook: https://www.facebook.com/pg/asiablockchainreview
• Twitter: https://twitter.com/abr_blockchain
• LinkedIn: https://www.linkedin.com/company/asia-blockchain-review/
• Website: https://www.asiablockchainreview.com/
• Email: [email protected]
• Youtube: https://www.youtube.com/channel/UCMQ5CVu0c9-pMlwB8LUvkiA