Thailand's securities regulator is planning a public hearing with the aim of loosening rules that form a "Barrier" to initial coin offerings, local English-language news outlet Bangkok Post reported Dec. 20.
Thailand - which issued a royal decree to regulate its domestic cryptocurrency markets in May - had revealed its intention to license its first ICO portal in November and an ICO itself this month.
Now, rules for issuers to begin fundraising may become less strict, although there will be caps on participation.
"The proposed criteria may not be fully completed, but it is a starting point for businesses to proceed accordingly."
The plans come at a troublesome time for the ICO industry worldwide.
In the United States, regulators have clamped down on legal adherence in recent months, last month fining several well-known cryptocurrency businesses for failing to comply with securities laws.
Barry Silbert, founder and CEO of blockchain-focused investment giant Digital Currency Group, told mainstream media earlier this month that the ICO market was "Dead" and "Finished."
Thailand Regulator on Relaxing ICO Rules: We Want to 'Find Greater Equilibrium'
gepubliceerd op Dec 20, 2018
by Cointele | gepubliceerd op Coinage
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