The former Minister of Finance of the Kingdom of Thailand and now Chairman of Fintech startup accelerator Thai Association of Chatikavanij Korn said that he fully supports the plan to create a normative-legal base in the sphere of cryptocurrency proposed by the Commission on securities and stock exchanges of the country. This reports the Bangkok Post.
“I share the view of the Ministry of Finance on what the SEC should be the sole organisation regulating digital assets, because it is already working with the securities and understands this sector”, — said Chatikavanij.
It is worth noting that the announcement came shortly after public discussions that lasted several months. One of the outcomes was the plan for the application of existing rules, “investment participation” in the sale of tokens, the result of which may be increased requirements for companies wishing to hold ICO in Thailand.
As the newspaper notes, after the period of public consultation and joint meetings with government officials last Wednesday the state Agency of Thailand announced that it is ready to accept a regulatory framework for cryptocurrencies and ICO within the next month.
We will remind, earlier it became known that Thailand will appear in the renewable energy market on the blockchain.