News
F2Pool co-founder Wang Chun’s decision to sell a Thai condo once bought for 2,900 BTC for just 7 BTC illustrates the opportunity cost of spending Bitcoin early.
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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.
- News
Thai crypto operators reportedly froze 10,000 suspected “mule accounts” as new AML checks and transfer delays took effect in a wider anti-fraud push.
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Binance Thailand’s CEO says it is a “watershed moment” for digital assets in the country, as they are no longer being treated as mere speculative instruments.
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Thailand’s SEC is planning new crypto ETF and futures trading regulations as the country looks to position itself as a regional crypto hub for institutions.
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Thailand reportedly plans tighter reporting, Travel Rule enforcement and a national data hub to track illicit flows across both traditional and digital assets.
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Sam Altman-backed digital ID project World halts Thai operations after authorities cite violations of the Personal Data Protection Act.
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With Thailand’s markets in turmoil, Bitkub is shifting toward Hong Kong’s thriving equity market for a $200 million IPO raise, Bloomberg reported.
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Thailand’s SEC raids World’s iris scanning site over unlicensed WLD token operations, raising legal concerns about the digital identity project.
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Bitcoin’s price pumped on news that the US Federal Reserve would cut rates by one quarter of a point.
6330 - News
Thailand froze three million bank accounts in an anti-scam crackdown, ensnaring users and prompting debate over whether Bitcoin offers a safer alternative.
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Thai police have arrested a South Korean man accused of helping a call center gang launder over $50 million in crypto into gold.
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The Thai government will allow tourists to exchange crypto for Thai baht and make electronic payments through e-money service providers.
13129 - News
The Philippines SEC flagged OKX, Bybit, KuCoin and others for offering crypto services without authorization, warning of enforcement and app store bans.
9346 - Analysis
Bitcoin adoption grew considerably in June, with 26 firms adding it to their balance sheets; meanwhile, Bitcoin’s hashrate fell 15%.
2717 - News
The consultation period comes as Thailand seeks to clarify regulations for the crypto industry.
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