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Thailand Approves Country’s First ICO Portal

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Thailand’s Securities and Exchange Commission (SEC) has reportedly approved the country’s first portal for initial coin offerings (ICOs). The main purposes of these portals are to screen tokens, perform due diligence, ensure project consistency with its whitepaper, and verify the know-your-customer process.

Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval

First ICO Portal

The board of directors of the Thai SEC has approved the country’s first portal for initial coin offerings (ICOs), the Bangkok Post reported Wednesday. The news outlet explained:

ICO portals help screen ICOs, conduct due diligence, prove smart contract source codes and verify ...

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