Published
5 years ago on
November 11, 2018
“Demonstrate safe and sound business practices; show that they have systems in place to measure, monitor, and adequately control the market and other risks; and ensure that they have in place auditable policies, practices and procedures to prevent the use of their services for criminal purposes.â€It’s worth noting that anti-money laundering policies will also have to be put in place. By chance, this news comes during the same time that Thai authorities revealed they would be regulating ICOs through a dedicated portal designed to improve security, reducing fraud and aiding to facilitate due diligence. This year, regulators in Thailand have been cracking down hard on cryptocurrencies and if their latest plan is pulled off then it tightens their grip on the industry. The Thai Securities and Exchange Commision is looking to prepare its first regulated Initial Coin Offering portal later this month. It seems that many ICOs will be vetted on a case by case theory and will be added to the portal after the launch but there is no set date as of yet. What are your thoughts? Let us know what you think down below in the comments!
