Thai authorities green light blockchain-based securities

Posted 22 February, 2019

Thailand's authorities reportedly can give a green light for issuing and trading of blockchain-based securities.

According to the local news reports, the National Legislative Assembly of Thailand has lately made revised and changed the Securities and Exchange Act, and this step, in fact, makes legal an issue of securities (stocks and bonds) in tokens.

The changes will come in force later in 2019. More details, as well as the instructions for tokenized and electronic type securities, are expected to be announced by Thailand's Securities and Exchange Commission in the near term.

The developments pave the way for tokenization platforms and lay the foundation to develop the ecosystem. In addition, the local businesses are now get the right to provide custody services for securities and digital tokens.

It should be mentioned the Ministry of Finance of the country has already started issuing licenses for digital asset business. Specifically, four crypto companies obtained business approval in January. Notably, the Stock Exchange of Thailand was rumoured to apply for a license to launch a crypto exchange. 

Pursuant to the available information, Thai companies dealing with cryptos are running in compliance with the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). Meanwhile, the country's regulator has not yet decided whether the security tokens offers will be covered by the royal decree or the securities act.

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22 February, 2019 17:41

← Brazil-based BTG Pactual plans security token offering targeting $15 million

Brazil-based investment bank Banco BTG Pactual expressed intentions to support its blockchain-based token and get funding from the security token offering. The backing will come from the distressed real estate, while the target sum has been set near $15 million. With this offering people will be able to invest in Brazilian real estate, receiving period profits depending on assets performance. Foreign investors can purchase ReitBZ (RBZ) token via a rather efficient structure.

Brazil-based  BTG Pactual plans security token offering targeting $15 million

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22 February, 2019 17:00

Oil finishes this week on up note →

Oil prices are finishing the week on the rise making use from weaker dollar and stock markets upturn. As a result, this will be the second positive week in a row. On Friday, the April futures for Brent oil at ICE Futures soared to some $67.50/bbl; April futures for WTI oil at NYMEX reached some $57.60/bbl. Over the week, the oil prices have gained 1.9% and 3.4% respectively.

Oil finishes this week on up note
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