No fewer than 50 enterprises have indicated an interest in obtaining ICO licenses in Thailand. This comes after the enactment of a framework for licensing several aspects of the cryptocurrency market in the country.
Clear ICO Regulations Encouraging Interest from Companies
According to the Thailand Securities and Exchange Commission (SEC), about 50 projects have expressed an interest in carrying out a cryptocurrency crowdsale. Already, three ICO portals have submitted their licensing application to the SEC. The Commission is, however, uncertain of whether all proposed projects will receive approvals.