News
Arak Sutivong believes DeFi requires a framework for long-term and sustainable interactions with traditional finance.
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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.
- Analysis
Thailand’s oldest bank sees blockchain and DeFi as the future of global finance and is seeking to invest in the emerging digital landscape.
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The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose "extensive risks to the general public or the economic and financial system."
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A Thai firm claims that Bithumb’s Hong Kong subsidiaries caused it serious damage by unilaterally halting its business in Thailand.
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Thai SEC and the Cayman Islands Monetary Authority are the latest regulators to join the global scrutiny against Binance.
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Thai companies and millionaires have funded the firm which aims to bridge traditional and digital finance.
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Local exchanges now have until July 11 to update their rules for listing tokens in order to be in compliance with SEC guidelines.
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A new DeFi yield farming platform in Thailand has rattled regulators.
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Thailand’s government aims to curb new crypto account creation with stringent KYC requirements.
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The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness.
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Kasikornbank has identified asset-backed DeFi as having the potential to create economic value for Thailand.
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While crypto volumes surge on Thailand’s licensed exchanges, P2P platforms appear to be falling out of favor
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Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years.
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Secretary-general Ruenvadee Suwanmongkol said the commission will be offering a free training course for investors who have no experience trading in cryptocurrencies.
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Developed economies dominate the traffic rankings for the top DeFi protocols by TVL, with the U.S. and U.K. topping the charts.
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