There is no regulation in place to supervise ICOs, and global financial regulators have struck a cautious tone with regard to the fund-raising method. The SEC cannot, however, supervise other ICO offerings apart from those classified as securities offerings, Mrs Tipsuda said. Satang Corporation is also one of the five companies expecting to apply for an ICO portal licence with the SEC. Mr Poramin has set up the Thai Digital Asset Exchange (TDAX), a second cryptocurrency trading website developed by tech-savvy Thais, launched in September 2017. Despite the absence of an ICO platform in Thailand, there are sufficient digital coins to generate a desirable amount of financial liquidity.

Source: Bangkok Post January 28, 2018 22:30 UTC