According to Rapee Sucharitakul, secretary general of the Thai Securities and Exchange Commission (SEC), at least one ICO portal will be certified in November this year. He also added that each ICO offering could be approved, and this might start already in December. This Confirmation indicates the final stages to formalize cryptocurrency markets in Thailand. Governing all forms of cryptocurrency entities from ICOs to exchanges and broader digital asset operators, the legislation require the SEC to verify those who are willing to operate in Thailand.