News
The Binance co-founder pledged the funds following a 7.7 magnitude earthquake that caused casualties and severe damage in both countries.
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Thailand News
Thailand is a country in Southeast Asia with an area of 513,000 kilometers and a population of 68 million. Thailand has an emerging economy and is currently going through industrialization. However, Thailand is one of the major economies in Southeast Asia — second after Indonesia in terms of GDP. Thailand’s economy is based on computer components, the automotive industry, petroleum and agriculture. Bitcoin is legal in Thailand, though Thailand’s cryptocurrency exchanges and financial institutions are under some regulations. Thailand’s Bitcoin exchanges can only exchange digital currencies for Thai baht and need a Business Development Department license to perform such operations. Initial Coin Offerings are totally legal in Thailand and the SEC of Thailand even encouraged the funding of businesses with ICOs, but all those operations should be performed with the execution of all regulatory requirements.
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Thailand’s SEC had previously approved Bitcoin, Ether, XRP, XLM and certain tokens used for settlement by the central bank.
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The platform will allow securities companies to trade digital tokens to capitalize on their large investor bases, according to the Securities and Exchange Commission of Thailand.
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Thailand’s SEC is reviewing spot Bitcoin ETF listings and stablecoin proposals, while the government is cracking down on Polymarket for alleged illegal gambling activities.
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Former Thai PM Thaksin Shinawatra urges stablecoin adoption and online gambling legalization to boost Thailand’s revenue and innovation.
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The registered crypto trading firm allegedly stole “hundreds of millions of baht” from electricity providers, amounting to at least $2.88 million.
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Thailand is set to launch a pilot program in Phuket in 2025, enabling tourists to use Bitcoin for transactions and streamlining digital payments.
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Buterin has made frequent crypto donations to charitable organizations, including memecoins that have been sent to his wallet address.
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Excluding memecoins, there are currently tens of thousands of cryptocurrency tokens and coins, with more being developed every day.
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SCB rolled out a convenient and inexpensive stablecoin wallet that is sure to appeal to tourists in Thailand.
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Ethereum researcher Justin Drake said that when it comes to staking, his proposal aims to lower the requirements from 32 ETH to 1 ETH.
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The Hong Kong Monetary Authority launched Project Ensemble in March and now has at least three countries participating.
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Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand.
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Institutional demand is driving a significant increase in onchain loans across DeFi protocols.
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The Siam Commercial Bank Public Company, founded in 1907, was the first bank established in the South Pacific country.
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