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.
A major music festival in Thailand is adopting blockchain for safer, smoother payments.
Thai music festival to use its own token for a cashless event
Securities firms in Thailand are now authorized to count crypto as capital funds.
Thai crypto business to get liquidity boost following new regulations
The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform.
Thai central bank issues $1.6B in government bonds on IBM blockchain
ConsenSys will develop a proof-of-concept for cross-border payments following successful research between the two central banks.
ConsenSys wins contract for Thailand-Hong Kong CBDC project
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