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additional rules regarding ICO advertisements. Essentially, such advertisements must refrain from enticing or pressuring investors into uncareful investment decisions. Moreover, they must not imply guaranteed

were persuaded to make an investment at the minimum amount of 100,000 baht to earn 5 percent return in six months.Both companies promised to repay the principal and generate the guaranteed returns

information for investment decision making such as condition of non- guaranteed by the Ministry of Finance, source of fund for debt repayment and business nature for risk assessment. Like private issuers

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