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
Ex-Morgan Stanley Developers Announce Launch of Phemex Crypto Platform
Former Morgan Stanley developers have introduced a ‘high-speed’ crypto derivatives platform called P...

December 14, 2019

Huobi Hosts Blockchain Event Attended by Foreign Govt Officials
Huobi crypto exchange has hosted a digital economy and blockchain event in Hainan, China, where an a...

December 14, 2019

Fraxtor Uses Blockchain Technology for Proptech in Singapore
Singaporean proptech firm Fraxtor has disclosed that blockchain technology can help create new sourc...

December 13, 2019

Credits, Alibaba Cloud Launch Blockchain Solutions to Solve Logistics Issues
Alibaba Cloud and the Credits platform have collaborated to launch blockchain-based solutions for th...

December 13, 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