50 ICO Projects Show Interest In Thailand’s New Crypto License

OSATO AVAN-NOMAYO 

 

No fewer than 50 enterprises have indicated an interest in obtaining ICO licenses in Thailand. This comes after the enactment of a framework for licensing several aspects of the cryptocurrency market in the country.

 

CLEAR ICO REGULATIONS ENCOURAGING INTEREST FROM COMPANIES

 

According to the Thailand Securities and Exchange Commission (SEC), about 50 projects have expressed an interest in carrying out a cryptocurrency crowdsale. Already, three ICO portals have submitted their licensing application to the SEC. The Commission is, however, uncertain of whether all proposed projects will receive approvals.

 

According to the SEC, the most troublesome aspect of the ICO process for many projects is the creation of the white paper – a document that specifies the technical and commercial details of the business.  The ICO white paper is usually the mains sales document for the project, and it gives prospective investors a sense of the project’s viability.

 

Full story: https://bitcoinist.com/thailand-50-cryptocurrency-ico-license/

 

-- BITCOINIST 2018-2018-08-10

Generally good news but bear in mind 99% of ICO's will become pretty much worthless plus all will be built with on ERC style tokens on the ethereum blockchain (which is really just a test bed that inherently doesnt scale and will become redundant itself).

 

I am awaiting for 'Grin' to be released early 2019 this will enable scaling solutions encorporating the bitcoin chain. Also liquid will enable a whole host of asset style 'tokens'

Yep, we are coming up to the 1 year lock-ins on last years ICOs.
Wait to see what happens with those.