Thai SEC to Implement New Limitations on ICO

According to the new rules, the company planning to enter the ICO must fill out an application, which will be checked by specially created "ICO-portals
05 July 2018   1319

The Securities and Exchange Commission of Thailand (SEC) announced that starting July 16, the rules for the regulation of initial coin offering (ICO) come into force, reports CoinDesk.

According to the new rules, the company planning to enter the ICO must fill out an application, which will be checked by specially created "ICO-portals". After this, the application is redirected to the SEC, which makes the final decision on the ICO.

The authorized capital for registration of such a portal must be at least $ 150 000.

Organizers of ICO are required to have a business registered in Thailand. At the same time, funding can be taken from both institutional and retail investors. And the maximum amount of investment for the latter is limited to $ 9000.

In addition, companies are allowed to attract investments only in Thai baht or in cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple and Stellar. However, this limitation follows from the previously approved rules for the regulation of the crypto and ICO.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1170

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”