The Securities and Exchange Commission (SEC) announced on Friday details of the country's regulations on electronic money and the exchange of ICOs. The bill has been approved at the governing body's meetings and is expected to take effect, according to local media reports. "The proposed approach has been adopted at public hearings on many different channels." To receive approval from the SEC, issuers of tokens "must specify the type of token to be issued, as well as investment information." The ICO must have a registered capital of at least 5 million baht (~ US $ 156 625) and be required to review ICO projects for at least one year.