R3 and global IT firm Wipro have developed a blockchain solution prototype to enable a CBDC for interbank settlements in Thailand.
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
by Thomas Simms
The Central Bank of Myanmar has received reports of several scams targeting consumers who lack understanding about crypto.
- News
Tipsuda Thavaramara said that recent regulatory amendment allows for digital shares and tokenized securities depositories.
- News
Thailand’s largest commercial bank SCB and state oil company PTTEP have successfully tested blockchain use.
- News
The Thai subsidiary plans to launch a major innovation lab focused on blockchain, artificial intelligence and internet of things technology.
- Analysis
by Joseph Young
Thailand is opening up to crypto, operating an ICO portal and considering the possibility of regulating security tokens.
- News
Veerathai Santiprabhob, the Central bank governor of Thailand, reportedly defined the Ethereum-based remittance system as an important step.
- News
by Helen Partz
The Stock Exchange of Thailand announced it is ready to start building a new digital asset system.
- News
The Thai SEC has approved the first ICO portal in the country, and may reportedly later issue criteria that allows companies to tokenize securities and other as...
- News
by Aaron Wood
Petroleum refiner Bangchak Corporation Public Co. Limited is testing a blockchain-based microgrid at one of its stations in Bangkok.
- News
The Thai SEC updated the list of cryptocurrencies suitable for use in ICO investments and trading pairs.
- News
by Ana Berman
Thailand’s National Legislative Assembly allows for the issuance of tokenized securities on blockchain with new amendments.
- News
by Aaron Wood
An alleged cryptocurrency mining scam has been reported to Thai police; 140 investors are reportedly affected.
- News
Cryptocurrency exchange OKEx has launched Thai Baht trading support to its client-to-client platform.
- News
by Ana Berman
Finablr, a major payments and foreign exchange firm based in UAE, joins RippleNet to launch cross-border payments with Thailand.
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