Lax Cryptocurrency Regulations In Thailand Attract Crypto Companies
12 Août, 2018, 16:11 | Auteur: Auguste Feret
The interest from companies wanting to start up ICO projects or gain Thai crypto exchange licenses has skyrocketed through the roof when the opposite was expected. The company has a 90-day temporary license to operate an exchange while its application with the SEC is being reviewed, the publication noted.
The Thailand Securities and Exchange Commission (SEC) has told local newspaper Bangkok Post that 50 ICO projects and 20 crypto exchanges have applied for licenses since Thailand introduced crypto licensing rules in May 2018. As for crypto exchanges, citing that "license approvals are being processed", the Bangkok Post quoted him stating: There are also around 20 companies that have applied for licenses to operate as digital asset exchanges.
The Secretary-General of Thai SEC, Rapee Sucharitakul told the Bangkok Post that nearly 50 ICO projects have expressed interest in a becoming certified to operate in the country.
According to Mr. Rapee Sucharitakul, the SEC secretary-general, about 50 projects have shown curiosity in issuing tokens. He said that three out of five ICO portals, online marketplaces where potential ICO issuers can operate their token sales, have already submitted their applications to the SEC.
Following a firm making a filing for approval from the SEC, the regulator must pass the proposal on to the nation's Finance Ministry.
After that, the Ministry has 60 days to make a decision whether to approve a license.
How major United States stock indexes fared Friday
Shares of trade-sensitive companies also declined, including Boeing, 3M and Caterpillar, which were all down at least 1.4 percent. Declining issues outnumbered advancing ones on the NYSE by a 2.12-to-1 ratio; on Nasdaq, a 1.47-to-1 ratio favored decliners.
The names Idris: actor Elba fuels Bond speculation
Fans have been calling for Elba to play Bond for years now, but it isn't looking promising at this point. Yesterday (Aug. 10), we reported that Idris Elba was in the front running to play James Bond .
According to the report, firms seeking a license to operate as digital asset exchange must have, among other things, paid-up registered capital as stipulated and sound financial status. The new legislation was enacted to regulate digital asset offerings and businesses undertaking digital-asset-related activities.
JIBEX chief executive Thuntee Sukchotrat said ICOs and cryptocurrencies are now viewed as assets that have captivated investment interest worldwide.
"I believe that investors will invest in digital assets instead of stocks in the future". "The investment ratio of ICOs to stock will be on par within two years", he said.
According to a report by ICORatings, a website that publishes independent research about upcoming and launched projects, the entire ICO market has doubled within the a year ago, with projects having already raised $11 billion throughout 2018.
Mr Thuntee said Thailand has updated rules and regulations on the digital asset trade and there is a regulator supervising both trading and ICOs, which could draw a considerable number of investors.
Despite dominating possession, Sarri's side looked uneasy early on and managed only two shots in the whole of the first half. The last time the sides met, Huddersfield earned an improbable draw at Stamford Bridge to secure Premier League survival.
The unmanned Parker Solar Probe aims to get closer than any human-made object in history to the center of our solar system. A Delta-IV heavy rocket carrying the probe took off from Cape Canaveral, Florida at around 07.31 GMT on Sunday morning.
Ils coupent les politiques de défense des femmes pour rembourser la dette publique: " Les banquiers valent plus que les femmes. Elle s'appelait Tatiana Spitzner , elle avait 29 ans, et elle est en train de devenir un symbole.
Erdogan said Turkey is not afraid of outside "threats". "Our relations with Turkey are not good at this time! " hewrote. Turkey is now under a 25 percent tariff on imported steel and 10 percent on aluminum, which went into effect in March.
The job is part time with a minimum 6 month commitment, as well as a 1 month orientation and training period starting in October. God's Little People Cat Rescue in Syros, Greece is looking for a caretaker for when the owner needs to be away.
Hours before the announcement, former chief justice Mahfud MD touted himself as the Widodo's vice-presidential candidate . The Indonesian Institute of Sciences (LIPI) last month said that Jokowi's electability remains as high as 58.2 percent.
The second set was a similar story, with Stephens going 3-1 up after an early break. "I want to be at my best, compete hard and have fun".
Tony Finau ties PGA Championship record with 10 birdies
Koepka closed with a two-shot lead over Adam Scott , with three more players at 9 under separating Koepka from Woods. This year? He ranks 120th in back-nine scoring average on the PGA Tour, and is tied for 10th over the front nine.
GDP grows by 0.4%
The pound is now holding steady against the euro this morning as market digest the UK's latest growth figures. The United Kingdom outperformed the Eurozone, which grew by 0.3 percent last quarter.
Egypt: Defrocked monk charged with killing Coptic bishop
Following the death of the bishop, the church announced a series of restrictive measures related to the activities of the monks. Wael Saad, who as a monk was known as Isaiah al-Makari, was stripped of his religious title following the bishop's death.