Monday, October 29, 2018

Thailand SEC Warns About Nine Unauthorized Tokens

Currently, no digital asset issuer has been approved and no one has filed an application for a license [to issue tokens] with the SEC. Therefore investors to take caution when being solicited  information about investments in digital assets.
The Thai SEC warned the public on Friday about nine tokens and initial coin offerings  that have not applied for approval. However, the authority has found posts on social media, such as on Facebook and Youtube , publicly promoting and soliciting investments in them.
The nine consist of five tokens and four  initial coin offerings. According to the Thai SEC’s website, the tokens are Every coin, Orientum coin, Onecoin and OFC coin, Tripxchain coin, and TUC coin. The four  initial coin offerings are those issued by G2S Expert, Singhcom Enterprise, Adventure Hostel Bangkok, and Kidstocurrency.
The regulator has warned anyone who may come across them to take caution due to their high investment risks, stating:

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