Bangkok, 25 January 2019 ? The SEC advises the public to be cautious with the solicitation to invest in the initial coin offering (ICO) of BSmart digital tokens as it has not been approved by the SEC.

According to the tip and the SEC's further findings, BSmart digital tokens have been solicited to the public through online channels such as the issuer's website, YouTube and Line Application.

However, no application for approval of the BSmart ICO has been submitted, nor an approval has been granted by the SEC for such digital token offering. The investing public is strongly advised to be careful with the solicitation of this ICO because it may not be in compliance with the governing rules, for example, screening of qualifications, review of smart contracts by the SEC-approved ICO Portal, and disclosure of necessary information for investment decisions. Besides, the related business operators may not be under the SEC's supervision, and the digital tokens may not be supported by any secondary market and lack liquidity, or investors cannot trade such digital tokens for cash. In addition, BSmart digital tokens have not been approved by the SEC by virtue of the governing law.

It should also be noted that no digital token issuers have been approved by the SEC and no applications or registration statements have been submitted. Therefore, investors should be careful if solicited or receiving information related to investment in such digital tokens. In case of possible tips on suspicious undertaking, please contact SEC Help Center via www.sec.or.th or Hotline 1207. If possible violation of other laws is found, the SEC will coordinate with related agencies for further proceeding.