During the past week, the Central Bank of Thailand, Veerathai Santiprabhob, shared details of a meeting with the country’s Deputy Prime Minister, Finance Minister and other relevant institutions. The preparation of “comprehensive” regulations on crypto paralysis in the meeting was discussed.
According to the statement made by the Central Bank administrator; the law expected to be completed within a month, Thailand’s ICO-friendly Securities and Exchange Commission will have the authority to regulate crypto-currency and ICOs. According to Rapee Sucharitakul, the general secretary of the commission, it is stated that such a comprehensive authority can only be given by the “Royal Decree”.
Thailand’s Stock Exchange Commission has drawn attention to the ICOs’ incentive view many times and has announced that it has created new financing opportunities for businesses and ventures. The Commission published drafts on the regulation of ICOs for public inquiries, revised two rounds, and published its final version on January 22.
Korn Chatikavnij, who served as the finance minister of Thailand from 2008 to 2011 and was awarded the title of “Minister of Global Finance of the Year” in 2010 for the reason of the economic courses he gave during the global crisis, behind the idea of granting authority to regulate the crypto paralara and ICO to the stock exchange commission one of the biggest names.
In an interview with Korn, Bangkok Post, The Ministry of Finance said that the only authority on the regulation of digital assets is supporting the idea that it is the Commission of the Stock Exchange, that it is already a commission in the supervision of securities and that they have the best knowledge about digital assets. Korn believes that digital entities are very new to everyone in the world and that no one knows anything about the subject, and everyone believes that the subject should be open-minded.Tags: arrangement friendly ico thailand