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Bangkok Post
Bangkok Post
Business

SEC sets out stricter rules for token ICOs

SEC Securities and Exchange Commission

The Securities and Exchange Commission (SEC) proposes tightening regulations on initial coin offerings (ICO) for ready-to-use utility tokens by requiring an ICO portal to file for approval with the regulator for the issuance and listing of such tokens in both primary and secondary markets.

The SEC has organised a public consultation to gather opinions on the new regulations. The hearings are scheduled to last until June 29.

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