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Payments Provider Clear Junction Stops Processing Payments for Binance
12.7.2021
On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision. Clear Junction...
Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks
11.7.2021
Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment. The Bank of Thailand (BOT), the country’s central bank...
Thailand's central bank warns against using digital currencies for payments
8.7.2021
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."
Gold Spikes Higher as Fed’s Minutes Report Looms, Central Bank Bullion Purchases Begin to Swell
6.7.2021
After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises...
Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner
6.7.2021
A Thai firm claims that Bithumb’s Hong Kong subsidiaries caused them serious damage by unilaterally halting its business in Thailand
Binance’s Troubles Grow as Thailand Files Criminal Complaint — Similar Warnings by Cayman Islands, UK, Japan
4.7.2021
A growing number of regulators worldwide have come after Binance. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against the crypto exchange after the authorities in the Cayman Islands, the U.K., and Japan issued similar warnings on Binance and related...
Thai SEC and Cayman Islands regulator take action on Binance
2.7.2021
Thai SEC and the Cayman Islands Monetary Authority are the latest regulators to join the global scrutiny against Binance
Thailand’s XSpring Capital raises $225M to build integrated financial marketplace
17.6.2021
Thai companies and millionaires have funded the firm which aims to bridge traditional and digital finance
Crypto Cyberthreats Spike This Year With Russia Hit the Hardest, Report Reveals
14.6.2021
Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. Booming...
Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges
12.6.2021
The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges. Thailand Sets New Rules...
Thai SEC bans exchanges from handling certain token types including NFTs
11.6.2021
Local exchanges now have until July 11 to update their rules for listing tokens to be in compliance with the SEC guidelines
Thailand to target DeFi in latest regulatory clampdown
1.6.2021
A new DeFi yield farming platform in Thailand has rattled regulators
Thai Public Company Brooker Group Invests $6.6 Million in Bitcoin
15.5.2021
The Brooker Group has reportedly become the first publicly listed company in Thailand to hold bitcoin on its balance sheet. The company has disclosed that it has bought 122.3158 bitcoins worth $6.6 million or 200 million baht. Thai Public Company Invests in Bitcoin The number of public companies...
Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts
4.5.2021
The Thai government has reportedly imposed a new cryptocurrency requirement. Crypto exchanges will be required to verify users’ identities using a machine that requires the customers to be physically present. Thailand’s New Crypto Rules The Thai Anti-Money Laundering Office (Amlo)...
Thailand to introduce in-person KYC for crypto exchanges
3.5.2021
Thailand’s government aims to curb new crypto account creation with stringent KYC requirements
New ASEAN blockchain consortium targets cross-border cooperation
23.4.2021
The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness
Thai crypto adoption is booming, with volume up 588% since November
5.4.2021
While crypto volumes surge on Thailand’s licensed exchanges, P2P platforms appear to be falling out of favor
Bank of Thailand to begin central bank digital currency tests in 2022
2.4.2021
Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years
Thai SEC says investors should have crypto trading experience
1.4.2021
Secretary-general Ruenvadee Suwanmongkol said the commission will be offering a free training course for investors who have no experience trading in cryptocurrencies
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand,...