The Securities and Exchange Commission issued clear regulatory principles regarding the country’s regulatory framework for cryptocurrencies and ICO.
The news portal freedman.club reports that the Securities and Exchange Commission of the Kingdom of Thailand (SEC) has sounded strict principles concerning the regulatory framework of the country for regulating digital currencies and conducting ICO.
Previously, we wrote about some changes in Thai law regarding the taxation of Thai crypto investors, and at the same time, some principles of ICO regulation and cryptocurrencies were announced that were to be announced after the meeting of the Securities and Exchange Commission. The meeting was held on the last Friday, and, today, the first results of the meeting became known.
The first measure to implement the new financial policy of the state is the legalization of 7 digital currencies, which are now officially allowed for ICO and trading on the country’s cryptocurrency platforms. These currencies include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP) and Stellar (XLM). The parameters used to select legalized cryptocurrencies were the complete liquidity of digital assets and a high degree of confidence in them from traders. Also, the SEC prescribed the rules for which ICO should now be organized in the country, with each raising of funds it will be necessary to indicate the type of issued tokens, as well as complete information about investments.