8)Thailand

Thailand Securities and Exchange Commission (SEC) has issued its stance on ICO in the middle of September. With the development and growing popularity of ICO, the Thailand SEC has developed a concern that “in some cases, ICO may be deliberately used as a tool for fraud and scam.”The statement wording suggests that Thai regulator is striving to find the balance between protecting the investors and supporting digital innovations. The commission viewpoint is in many ways similar to Hong-Kong, Japan, and the US SEC stances:

“Since the digital tokens can diverge widely in design and representation, some may resemble financial returns, rights, and obligations in similar ways to securities under the Securities and Exchange Act.”

However, to sum up, there is no doubt that Asian Market overall is still attractive to investors an will try to remain technology advanced in future.