There 7 cryptocurrency that are legal in thailand , its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, Litecoin, and Stellar. They also regulate the ICO. Now ICO can't be traded with fiat anymore and there is a fee for license.
http://www.livebitcoinnews.com/thai-sec-confirms-ico-tokens-will-not-be-traded-against-fiat-currencies/What do you think about this regulations? I think its fair enough and i do think in few months 7 of this coin value could be increasing if more country has the similar regulations such as thailand.
Those regulations are not going to work, as long as you can buy bitcoin or ethereum then you have access to all the market of cryptocurrencies, how are they going to avoid that people to invest in icos or in other illegal coins? They can't, they are just trying to make it seems as if they have control of a market that is impossible to control, eventually some countries will apply a full ban and even that will not be enough.