A human rights lawyer representing victims of an alleged cryptocurrency pyramid scheme in Thailand is taking their case to the country’s Department of Special I...
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.
- News
- News
Singaporean entrepreneur and ICO advisor Mark Cheng is reported to have been kidnapped in Thailand by close associates who wanted his Bitcoin holdings.
- News
by Helen Partz
Thai Stellar-based blockchain startup Lightnet raised $31.2 million in a Series A funding round led by major financial conglomerates in South East Asia.
- News
Major cryptocurrency exchange Binance has added support for Australian dollars and Thai baht.
- News
by Helen Partz
Thailand, one of the most-visited countries in the world, will soon apply blockchain to its Electronic Visa On Arrival.
- News
by Aaron Wood
Thai police have busted an alleged Bitcoin scam trading scheme in Bangkok, arresting 24 Chinese nationals and seizing hardware.
- News
by Joeri Cant
The Excise Department in Thailand plans to change its current tax refund practice by introducing a blockchain-based tax payback system for oil exporters.
- News
Thai regulator eyes tweaks to the country’s cryptocurrency regulations, which appeared in 2018 but have so far delivered just five certified businesses.
- Analysis
by Samuel Haig
The country that tried to ban Bitcoin in 2013 is now home to some of the world’s most permissive ICO regulations.
- News
SE Digital, a subsidiary of major financial services firm Seamico Securities, has been confirmed as the first ICO portal operator to be approved by the Thai SEC...
- News
Thailand-based energy company PTT and blockchain energy nonprofit Energy Web Foundation are jointly building a blockchain-based renewables platform.
- News
A 48-year old Thai man who called himself the “cryptocurrency wizard” has been arrested in Bangkok over his alleged role in a $16.3 million crypto exchange frau...
- News
by Joeri Cant
Thai SEC-regulated crypto exchange Bitcoin Co. Ltd. announced it is closing down its trading operations and that clients should withdraw their assets.
- News
Thailand’s Customs Department plans to use IBM’s Tradelens blockchain shipment tracking solution, first at a port in Chon Buri and later in Bangkok.
- News
by Helen Partz
Thailand’s securities regulator has warned the public about scam entities posing as legal crypto trading firms operating overseas.
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