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.
Power Ledger's most recent development is a renewable energy certificate marketplace for SE Asia.
Power Ledger launches renewable energy credit marketplace in SE Asia
Thailand’s central bank assesses the chances of bringing centralized and decentralized together.
Thailand’s Central Bank Eyes DeFi Use Cases for Its Digital Baht
South Korean exchange UpBit received four licenses to operate a digital asset exchange in Thailand.
Crypto Exchange UpBit Scores Full Deck of Licenses From Thai SEC
The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses.
Bank of Thailand Progresses With Digital Baht Tests Before Public Launch
Thai authorities are cracking down on drug networks and the methods they use to launder their profits, including cryptocurrency.
Thailand Vows to Crack Down on Narco Profits Stashed in Commodities and Crypto
The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country.
Bank of Thailand Launches Digital Currency Pilot Project
Australian blockchain firm Power Ledger has announced a partnership to develop a digital energy company in Thailand, utilizing its peer-to-peer renewable energy...
Power Ledger Brings Peer-to-Peer Renewable Energy Trading to Thailand