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.

Accenture Works With Thailand’s Oldest Bank to Release Blockchain Supply Chain Tool

OCT 18, 2018 | by William Suberg

Accenture and a fintech subsidiary of Siam Commercial Bank have released a blockchain solution powered by R3’s Corda technology.

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Prime Suspect in $24 Million Bitcoin Scam Arrested in Thailand

OCT 12, 2018 | by Ana Berman

The main suspect in a Bitcoin fraud case in Thailand was detained at a Bangkok airport after being on the lam for 2 months.

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Suspect in Thai Bitcoin Scam Unable to Return to Thailand Due to Passport Revocation

OCT 11, 2018 | by Helen Partz

The Foreign Ministry of Thailand has invalidated the passport of an alleged Bitcoin scammer, rendering him unable to return to his home country for prosecution.

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Thai Ministry of Commerce Explores Blockchain Solutions for Copyright, Agriculture, Finance

OCT 09, 2018 | by Ana Berman

Thai officials will conduct blockchain feasibility studies, aiming to apply the technology for digital IDs, smart contracts, and even rice export.

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Government Bonds: How Blockchain Can Beat the Red Tape

OCT 03, 2018 | by Henry Linver

Successful trials show blockchain could cut red tape and boost the secondary market.

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Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments

SEP 24, 2018 | by Ana Berman

Thailand’s fourth largest bank, Kasikornbank, will join Visa’s blockchain-based B2B solution for international payments.

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Thai Money Laundering Watchdog Looks to Tackle Crypto-Related Crimes

SEP 03, 2018 | by Ana Berman

Thailand’s local AML regulator wants to change the law in order to be able to confiscate digital assets along with physical ones.

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Bank of Thailand Announces 'Milestone' Digital Currency Project Using R3 Corda Platform

AUG 22, 2018 | by Marie Huillet

The Bank of Thailand has revealed a major collaborative project to develop a wholesale Central Bank Digital Currency using R3’s Corda platform.

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Thai SEC Clears Seven Cryptocurrency Operators to Serve Clients, Reviews Two More

AUG 16, 2018 | by William Suberg

A total of nine cryptocurrency operators have either received or are in the process of receiving regulatory approval in Thailand.

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Thai Police Arrest Suspect in $24 Million Bitcoin Scam

AUG 10, 2018 | by Ana Alexandre

Thai police have arrested a once-popular actor as a suspect in a $24 million Bitcoin scam.

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Thai SEC: Interest Increases in ICO and Digital Asset Operations Licenses

AUG 09, 2018 | by Ana Alexandre

The Thai SEC has reported an increased interest to ICO licenses following the Finance Ministry's announcement on approving digital asset licensing.

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Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings

AUG 04, 2018 | by Helen Partz

The Bank of Thailand has permitted banks to set up branches that may issue tokens, invest in cryptocurrencies, and run crypto-related businesses.

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Thai Bond Market Association to Launch Blockchain-Based Registrar Bond Service Platform

JUL 28, 2018 | by Helen Partz

The Thai Bond Market Association plans to boost secondary bond market liquidity through a blockchain-based registrar bond service platform.

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Bank of Thailand Considers Blockchain for Cross-Border Payments, Fraud Reduction

JUL 14, 2018 | by Max Yakubowski

The Bank of Thailand’s governor says the bank is considering blockchain technology for multiple applications.

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Thai Regulator Confirms July Start Date for Regulated ICOs

JUL 05, 2018 | by William Suberg

Thailand will enact pioneering ICO regulations this month, becoming one of the first countries to do so.

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One ICO to Free Everyone From International Data Roaming

OCT 04, 2017 | by Shivdeep Dhaliwal

Sick and tired of inflated phone bills after your foreign trip? TripAlly is working on building a platform that will set you free.

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OmiseGo Price Recovers after Support from Thai Ministry of Finance

AUG 20, 2017 | by Lisa Froelings

The cryptocurrency has previously reached an all-time high of $9.3 per token recently, but this came down to $7.9 and has recently recovered to $8.02, as of pre...

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Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings

AUG 04, 2018 | by Helen Partz

The Bank of Thailand has permitted banks to set up branches that may issue tokens, invest in cryptocurrencies, and run crypto-related businesses.

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Thai Finance Secretary: Blockchain Is Beneficial But People Should Know Risks

FEB 02, 2018 | by Molly Jane Zuckerman

The permanent secretary of Thailand’s Ministry of Finance thinks that the Thai SEC should warn investors about risks in crypto investing, but sees future in Blo...

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Thai Finance Ministry Releases Final Version Of Cryptocurrency Tax Framework

MAR 31, 2018 | by Molly Jane Zuckerman

The Thai Finance Minister has announced the final expected version of the crypto tax framework.

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Thailand Delivers First Draft Of ‘Digital Asset’ Regulations

MAR 16, 2018 | by William Suberg

Thailand could be just two votes away from confirming cryptocurrency and ICO regulations.

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Vitalik Buterin and Thai Central Bank Will Discuss Future of Financial Sector

AUG 21, 2017 | by Joshua Althauser

Vitalik Buterin met with Thai central bank discussing the future of Thai economy and how Thai banks can use Blockchain technology.

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Thailand: Central Bank Asks All Banks To Avoid Crypto, Pending Regulations

FEB 13, 2018 | by Molly Jane Zuckerman

The Central Bank of Thailand tells all banks in the country to stay away from cryptocurrencies until a regulatory framework is implemented.

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Thai Bond Market Association to Launch Blockchain-Based Registrar Bond Service Platform

JUL 28, 2018 | by Helen Partz

The Thai Bond Market Association plans to boost secondary bond market liquidity through a blockchain-based registrar bond service platform.

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Thai Police Arrest Suspect in $24 Million Bitcoin Scam

AUG 10, 2018 | by Ana Alexandre

Thai police have arrested a once-popular actor as a suspect in a $24 million Bitcoin scam.

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Bank of Thailand Considers Blockchain for Cross-Border Payments, Fraud Reduction

JUL 14, 2018 | by Max Yakubowski

The Bank of Thailand’s governor says the bank is considering blockchain technology for multiple applications.

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Association of Thai Securities Companies Considers Launching Joint Crypto Exchange

JUL 02, 2018 | by Molly Jane Zuckerman

Several Thai securities companies will be applying for a joint crypto license in order to expand into the digital asset market.

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Omise Signs Agreement With Major South Korean Banking Affiliate In Win For Adoption

APR 06, 2018 | by Molly Jane Zuckerman

Omise and its ETH scaling solution platform OmiseGO have entered into a collaborative fintech agreement with South Korea’s ShinhanCard.

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Thailand: Legal Framework For Cryptocurrencies Comes Into Force

MAY 14, 2018 | by Marie Huillet

A legal framework for cryptocurrencies has come into effect by royal decree in Thailand, bringing them under the aegis of the country’s SEC.

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Thailand’s Government Battle With Crypto Enters Decisive Phase

MAR 21, 2018 | by Stephen O'Neal

Thailand's government plans to de-anonymize and tax all crypto operations in the country. But how are they going to do that?

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Vitalik Buterin and Thai Central Bank Will Discuss Future of Financial Sector

AUG 21, 2017 | by Joshua Althauser

Vitalik Buterin met with Thai central bank discussing the future of Thai economy and how Thai banks can use Blockchain technology.

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Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

MAY 22, 2018 | by Molly Jane Zuckerman

The Mitsubishi Group has successfully completed a pilot sending money from Thailand to Singapore using Thai Krungsri bank’s blockchain tech.

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Thailand: Central Bank Asks All Banks To Avoid Crypto, Pending Regulations

FEB 13, 2018 | by Molly Jane Zuckerman

The Central Bank of Thailand tells all banks in the country to stay away from cryptocurrencies until a regulatory framework is implemented.

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Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments

SEP 24, 2018 | by Ana Berman

Thailand’s fourth largest bank, Kasikornbank, will join Visa’s blockchain-based B2B solution for international payments.

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Thai Ministry of Commerce Explores Blockchain Solutions for Copyright, Agriculture, Finance

OCT 09, 2018 | by Ana Berman

Thai officials will conduct blockchain feasibility studies, aiming to apply the technology for digital IDs, smart contracts, and even rice export.

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Thai Banks Consider Free Document Verification Via Blockchain

AUG 02, 2017 | by Jon Buck

Thai banks considering free document attestation through Blockchain

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Thailand’s Central Bank Eyes Creating Its Own Digital Currency for Interbank Settlements

JUN 07, 2018 | by Helen Partz

Thailand’s central bank considers developing its own digital currency, claiming that it would reduce transaction and validation time and costs.

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Thai Securities and Exchange Commission Supports Creation of ICO Laws

SEP 16, 2017 | by Diane Keller

The Securities and Exchange Commission in Thailand SEC shows that it is willing to support ICOs

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Association of Thai Securities Companies Considers Launching Joint Crypto Exchange

JUL 02, 2018 | by Molly Jane Zuckerman

Several Thai securities companies will be applying for a joint crypto license in order to expand into the digital asset market.

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Thailand: Legal Framework For Cryptocurrencies Comes Into Force

MAY 14, 2018 | by Marie Huillet

A legal framework for cryptocurrencies has come into effect by royal decree in Thailand, bringing them under the aegis of the country’s SEC.

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Bank of Thailand Announces 'Milestone' Digital Currency Project Using R3 Corda Platform

AUG 22, 2018 | by Marie Huillet

The Bank of Thailand has revealed a major collaborative project to develop a wholesale Central Bank Digital Currency using R3’s Corda platform.

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Bank of Thailand Considers Blockchain for Cross-Border Payments, Fraud Reduction

JUL 14, 2018 | by Max Yakubowski

The Bank of Thailand’s governor says the bank is considering blockchain technology for multiple applications.

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4 Reasons Bitcoin Usage Could Explode in Thailand

SEP 17, 2016 | by Jacob J

What is the catalyst required for Bitcoin to succeed in Thailand?

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Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings

AUG 04, 2018 | by Helen Partz

The Bank of Thailand has permitted banks to set up branches that may issue tokens, invest in cryptocurrencies, and run crypto-related businesses.

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Suspect in Thai Bitcoin Scam Unable to Return to Thailand Due to Passport Revocation

OCT 11, 2018 | by Helen Partz

The Foreign Ministry of Thailand has invalidated the passport of an alleged Bitcoin scammer, rendering him unable to return to his home country for prosecution.

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