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.
World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months
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
The partnership between Azimo and a Thai bank aims to deliver instant remittance payments with RippleNet.
Ripple Integration Brings Instant Payments to Thailand
Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia.
Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney
Huobi Thailand launches amid the coronavirus outbreak with the long-term goal of bringing crypto payments to the country’s financial system.
Huobi Thailand Launches Amidst Coronavirus Outbreak
Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency project for cross-border payments.
Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments