ASEAN Countries Swap ICO for STO as Fraud-Free Regulated IPO

[Goodcat49]

Thailand and ASEAN countries get rid of ICOs to support STOs, which they call a next-gen IPO, because of its decentralised and democratic nature and ability to be legally regulated by the government to protect investors from fraud and make the market transparent and legal. That’s the main idea of the ASEAN Digital Assets Summit 2018, which was held on December 9 in Bangkok, Thailand.

A Coinidol.com representative visited as a media partner of the event to feel the pulse of the Blockchain market in Asia and share it with the world audience of readers from the non-ASEAN region.

Business Gap Between Europe And Asia   
There is a big gap between 2 blockchain worlds: Europe and Asia, - in their understanding of the market and the way it should develop. It’s a huge problem for Asian companies to make profitable agreements with European partners, according to Xia (Charles) Li, managing director of Spark Blockchain Incubator. Because these nations speak different languages and only a small percentage of Asian people speak English. That’s the reason why there were at least a dozen people with European faces at the summit, which has gathered around 400 participants.   

But Asia is open for Blockchain investments, mentally, professionally, and legally.

The ten ASEAN countries have a population of about 600 million in total. It’s a really huge potential Blockchain market. Have a look at the map of the countries that are ready to work with Blockchain and Cryptocurrencies in the ASEAN region.   

Read more: https://coinidol.com/asean-countries-swap-ico/