Thailand became the
The government of Thailand legalized the legal standards for the ICO. In order to obtain SEC authorization, a company must be registered in Thailand, have an authorized capital of at least $ 150,000 and, with a primary placement, assign a denomination of a token not exceeding $ 9050. Number of tokens does not matter, however their exchange is possible only for 7 cryptocurrencies (Bitcoin, Ethereum, XRP, Bitcoin Cash, Ethereum Classic, Stellar and Litecoin) or Thai baht.
Thailand became the 12th country where it is possible to register a company for ICO. Earlier, Australia, Switzerland, Malta, Singapore, the Philippines, Estonia, the United States, Japan, Gibraltar (without the GFSC license), the UAE (without the DFSA license) and the Czech Republic have established rules for cryptocurrency start-ups. The Philippines and Bermudas are in the process of adopting standards for the ICO.