The country that tried to ban Bitcoin in 2013 is now home to some of the world’s most permissive ICO regulations.
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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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...
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Thailand-based energy company PTT and blockchain energy nonprofit Energy Web Foundation are jointly building a blockchain-based renewables platform.
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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...
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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.
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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.
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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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The over 5 million merchants registered with the Thai QR code system can now accept payment in privacy-focused cryptocurrency Zcoin.
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A blockchain letter of credit transaction in the oil industry has been sent by Standard Chartered with Thai state-owned oil giant PTT Group.
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A Thai regulator announced that the regulator will amend anti-money laundering regulation to prevent crypto use for illicit activities.
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Huobi’s Thailand-based subsidiary has secured the country’s fifth official license to operate a fully-regulated digital asset exchange.
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Bank of Thailand governor Veerathai Santiprabhob said that the institution is open to discuss Facebook’s Libra stablecoin with the company.
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Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, according to an ex...
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