Cryptocurrencies still outside Thai law, warns SEC

Several companies have plans to issue ICO but the SEC did not have any rules to cover such offerings, secretary-general Rapee Sucharitakul said on Sunday.
Investors in ICO needed to realise the risks they were taking because the country did not yet have any laws in place to protect them and White Papers detailing the ICO were likely be oral contracts only, he said.
“The SEC is studying [potential] rules for ICO but it is an ongoing process,” Rapee added.