The Securities and Exchange Commission (SEC) of Thailand has warned about several tokens and initial coin offerings (ICOs) that target investors in the country without possessing the required permit, local media reported on Friday.
The regulator investigated nine projects: Every Coin, Orientum Coin (ORT Coin), Tripxchain Coin (TXC Coin), TUC Coin, G2S Expert ICO, Singhcom Enterprise ICO, Adventure Hostel Bangkok ICO, Kidstocurrency ICO, as well as OneCoin and related OFC Coin, which were considered as one project by the SEC.
The inquiry showed that all nine companies had used social media platforms, including Facebook (NASDAQ:FB) and YouTube, to attract investment from Thai citizens despite not applying for registration with the SEC, as the country’s legal...
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