Home / Cryptocurrency / Thai Crypto Exchange Satang Plans to Raise $10 Million in Security Token Offering

Thai Crypto Exchange Satang Plans to Raise $10 Million in Security Token Offering

Satang apparently plans to utilize the $9.9 million it raises to build up an e-wallet that empowers clients to make payments, and in addition, set up Satang Shops in vacationer focuses like Phuket and Pattaya.

Satang’s designs are allegedly upheld by the Government of Thailand in an offer to make the nation a blockchain center and build up an administrative system for computerized monetary forms and blockchain. As indicated by the trade’s CEO Poramin Insom, the STO will be led in the primary quarter of 2019.

Thai cryptocurrency exchange Satang Corp. plans to bring almost $10 million up in a security token offering (STO), in spite of the ongoing business sector emergency, Asia-centered business distribution digital money exchange Satang Corp. plans to bring about $10 million up in a security token offering (STO), regardless of the ongoing business sector emergency, an Asia-centered business production.

Thailand’s Revenue Department is reportedly testing blockchain innovation for following quality added tax (VAT) installments. As indicated by Ekniti Nitithanprapas, chief general of the Thai Revenue Department, the division “needs to utilize blockchain innovation to anticipate VAT discount misrepresentation.” It additionally allegedly “set its focus on embracing machine learning and using artificial intelligence to learn and consider charge bamboozling rehearses” to at last “constrain more individuals to enter the formal assessment framework.”

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