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.
Thai investors who do not qualify for crypto trading under proposed SEC rules would still be able to invest through licensed fund managers.
Thai SEC consults public on crypto investor income rules
Some of Asia's largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fi...
Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain
Well-heeled Japanese crypto holders are being targeted by Thailand’s tourism industry.
Thailand tourism board targets wealthy Japanese crypto holders
The SEC of Thailand is looking to establish qualifications for crypto investors as digital currency purchases increase.
Thai SEC schedules hearings to address crypto investor qualifications
Thailand’s finance minister is not a fan of the retail crypto mania that saw monthly trading volume triple in January.
Thai finance minister critical of current crypto speculative surge
Siam Commercial Bank, over a century old, doesn't fail to keep up with the times.
Major Thai bank's venture arm sets up $50M fund to invest in blockchain, DeFi
The regulator had previously suspended the exchange following several brief outages due to extreme volume spikes.
Bitkub submits improvement plans to Thai SEC and resumes trading