Thailand's officials have authorizes the first fully regulated ICO service, the Bangkok Post reports.
A subsidiary of the Thai financial services firm, SE Digital Co, has officially obtained approval from the Securities and Exchange Commission (SEC) to fully operate in Thailand as an Initial Coin Offering (ICO) portal, the local outlet states.
According to the report, the company plans to launch the very first investment token in Thailand with a transaction capacity between 2 - 3 billion THB.
Chief Executive Officer of SE Digital, Jesadavat Priebjrivat, states the company will be able to advertise "the tokenization of traditional assets providing investors with access to previously illiquid and difficult to access assets."
Earlier iHodl reported that the Head of Thai Anti-Money Laundering Office (AMLO), Pol Maj Gen Preecha Charoensahayanon, sees a threat for AML policy in cryptocurrencies.
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