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Thailand SEC Approves First-Ever Foreign ICO Screening Portal

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Thailand Securities and Exchange Commission (SEC) has approved a portal that would screen Initial Coin Offering projects (ICOs). The securities regulator told the Bangkok Post they interviewed “roughly” 7-8 portals for the job of selecting ICOs, conducting due diligence, reviewing smart contract codes, and verifying the know-your-customer process. Eventually, the SEC’s board of directors approved one ICO portal out of all. The commission refused to share any further details about the selected company, except that it was a non-Thailand venture. Archari Suppiroj, the SEC’s director of Fintech, confirmed that the commission had forwarded its selection to the relevant government agencies, including

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* First published on ccn.com

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