offered to retail investors in other home jurisdictions of ASEAN members. Also, the scheme must conform to the common standards on Standards of Qualifying CIS in terms of the qualifications of CIS operator
notification to be consistent with other notifications. This includes revision to the definitions of private equity and venture capital businesses to conform the definitions under the digital token offering
holders. Disclosure of source code, information disclosure forms, drafted prospectus and financial statements are also required to conform with SEC regulations. Each ICO can be placed to ultra-high net