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Thailand Plans to Become ‘Crypto-Positive Society’ — Governor Says ‘Crypto Is the Future’
29.11.2021
Thailand is laying the groundwork to become a “crypto-positive society” with the aim to attract crypto holders and boost its tourism industry. The country hopes to gain back some of the $80 billion in lost tourism revenue due to the Covid-19 pandemic and subsequent shutdown. Thailand...
Thai lawmakers urged to approve tourism crypto to entice digital nomads
26.11.2021
The rollout of the Tourism Authority of Thailand’s TAT Coin is coming closer to fruition, and is now awaiting government approval according to local figures
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 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
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,...
Thai Financial Regulator Claims Controversial Crypto Rule Proposal Was Just to Gauge Public Opinion
4.3.2021
The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’...
New Crypto Rules in Thailand Could Require Traders to Show Income Before Opening Trading Accounts
25.2.2021
Thailand seeks to introduce a new set of rules for retail crypto investors, specifically targeting those who want to open accounts. The Thai financial watchdog could require domestic crypto exchanges to ask traders for proof of income. Thai SEC Could Also Ask Crypto Investors to Prove Their...
Thailand Authorities Are Targeting Japanese Crypto Holders to Boost Tourism
23.2.2021
Thailand seems to be interested in catching Japanese crypto holders’ attention via tourism. The country wants to establish a crypto-friendly touristic hotspot and the first targeted country is the nation of the rising sun. Program Aims to Add New Segments With ‘High Spending’...
Thailand’s New Rules Help Securities Companies Launch Crypto Exchanges
20.11.2020
Thailand has reportedly revised its net capital rules which help securities firms launch cryptocurrency exchanges. The country now has 15 licensed crypto service providers. New Thai Rules and Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has revised its net capital (NC) rules...
Thailand Has Now Licensed 13 Cryptocurrency Service Providers
28.7.2020
Thailand has been growing the number of licensed cryptocurrency service providers. The Thai regulators have now approved 13 crypto businesses to legally operate in the country, including cryptocurrency exchanges, brokers, and dealers. The Royal Decree on the Digital Asset Businesses B.E. 2561...