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Nov. 9, 2018
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Until the end of November, Thailand will certify the country's first portal for ICO projects.

The Securities and Exchange Commission (SEC) of Thailand intends to issue a certificate to the country's first ICO portal by the end of November. Already in December, it will be able to start the initial offers of coins approved by the regulator. This writes the Bangkok Post.

The regulator will check the source code of each project’s smart contracts through ICO portals, as well as their compliance with the KYC and AML rules. At the same time, the approval of the crowdsale by the regulator does not guarantee its success.

The rules of ICO regulation in Thailand came into force on July 16. Immediately after this, the SEC approved five initial offers of coins from local companies.

Earlier in Thailand, a law on the cryptocurrencies regulation was passed, according to which all crypto companies are required to license their activities.

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