ICO Sweep Shows Companies Need Work On Technical And Organisational Measures


ICO Sweep Shows corporations would like Work On ‘Technical And Organisational Measures

“It is vital that organizations have acceptable technical and organizational measures in situ. This includes having clear knowledge protection policies, taking a ‘data protection purposely and default’ approach and continued to review and monitor performance and adherence to knowledge protection rules and regulations” – says Adam Stevens, Head of Intelligence at the United kingdom data Commissioner’s workplace. (ICO).

In a sweep conducted by the ICO, as a part of the world Privacy social control Network’s (GPEN) annual intelligence-gathering operation, 356 corporations in eighteen countries were contacted.

The Thai Securities and Exchange Commission (Thai SEC) has updated the list of cryptocurrencies appropriate to be used in initial coin providing (ICO) investments and commerce pairs. a political candidate Thai SEC statement according to the event on Feb. 28. one among the simplest application of Ethereum’s sensible contract system is to make a straightforward token which might be transacted on the Ethereum blockchain rather than Ether. this sort of contract was standardized with ERC#20. It created Ethereum host of such a large scope of ICO that you just will safely say that Ethereum found its Killer App as a distributed platform for crowdfunding and fundraising.

Of course, there area unit alternative cryptocurrencies that are with success funded through ICOs. Back in 2016, Lisk gathered around $5 million throughout their Initial Coin providing.

Nevertheless, Ethereum’s ICO that came about in 2014 is maybe the foremost outstanding one to date. throughout their ICO, the Ethereum Foundation sold ETH for zero.0005 Bitcoin every, raising nearly $20 million. With Ethereum harnessing the facility of sensible contracts, it sealed the method for future generation of Initial Coin Offerings.

Until now, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM) may well be used for the needs mentioned on top of once compliant with regulation in the Kingdom of Thailand. during this statement, the commission informs the general public that Bitcoin money (BCH), Ethereum Classic (ETC) and Litecoin (LTC) are further to the list.

The plans return at a hard time for the ICO trade worldwide. Regulators have clamped down on legal adherence in recent months, last month fining many well-known cryptocurrency businesses for failing to adjust to securities laws.

Barry Silbert, founder and chief operating officer of blockchain-focused investment large Digital Currency cluster, told mainstream media earlier this month that the ICO market was “dead” and “finished.”

Lastly, the statement conjointly specifies that the presence of any given crypto plus within the list doesn’t render it a tender.

As Cointelegraph recently according, Thailand’s National assembly has formally allowed the provision of tokenized securities on blockchain through modification to the Securities and Exchange Act; those changes can get impact later this year.

Also, the National physical science and engineering Center (NECTEC) of Kingdom of Thailand declared in January that they need developed blockchain technology for e-voting. in line with NECTEC, once 5G is eventually adopted, all votes are connected with the new technology.

In Dec last year, the Thai SEC declared that it’s coming up with a public hearing with the aim of loosening rules that kinda barrier to ICOs.

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