Under the new regulation, ICO issuers are required to have a registered company in Thailand, and the company must be approved by the SEC with a minimum registered capital of 5 million baht (approximately $ 150,000).

At the same time, each ICO issuer will be allowed to provide unlimited number of tokens to investors, venture capital funds, private equity firms and individuals with high net worth.

In addition, individual retail investors with a low net asset value can only invest up to 300,000 baht ($ 9,050).

Other important information, ICO issuers, are only allowed to accept payments with seven electronic currencies: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Ethereum Classic, Stellar and Litecoin.

ICO issuers in Thailand may also accept payments in Thailand's fiat currency, but will undergo censorship procedures, which will be approved by the SEC itself. .

Specifically, all information on the ICO release includes: "operator, specific development roadmap, management structure" will be reviewed and evaluated by the SEC to ensure Disclosure must be accurate and appropriate.

This is considered as the first step in the plan to legalize ICO, electronic money of the Thai government. In mid-June, the Securities and Exchange Commission (SEC) has announced that it will approve five ICO projects.

Investors in Thailand have been able to trade futures contracts on the two largest stock exchanges in the United States. Bitcoin plans to popularize the knowledge of cryptocurrency to the people here is good news for us.

This is a wise movement from the Thailand government. Crypto currencies can bring a lot of income to the government as well as increase the rate of employment. Congratulations to Thailand for accepting  cryptos.

It will take a long time for all countries to accept Bitcoin. As far as I know, some countries are still strictly banned from Bitcoin. I do not understand why they hate Bitcoin, while Bitcoin can help their country developing more

I feel that the Thai government is very talented, they recognize that Bitcoin and crypto will help their country grow faster. While some countries are larger than Thailand, they banned the cryptocurrency, and certainly, their country will not be able to develop as the Thai in the next few years.

it's a good example to other countries not to be afraid of regulating crypto currencies and follow this example. i'm pretty sure that we can be really excited about the future

Thailand is much rely upon tourism thus this is the insightful choice from Thailand government so people groups require just cellphone to make installment with crypto if every single other government do this sort of authorization in their separate nations so this will be useful for cryptographic money future, yet I am certain in future a large portion of nations will acknowledge crypto additionally all segments will do this adaption.

yes, that's a very good idea, thailand will progress as the crypto currency users can go play in this country for a vacation. I think the economy in ngara thailand will be more advanced because they will use bitcoin as a legal means of payment.

That is realy good news for all of our friends in thailand just like here in my country crypto currency also starting legalised specialy those exchanger and we are so very haply for that news its realy us all.

Another one! Way to go!!!  Let's hope for the rest of the world to join in soon!