Asian crypto exchange Zipmex has requested meetings with Thailand’s Securities Exchange Commission (SEC) and other regulators to discuss the firm’s “recovery plan.” In a statement on Thursday, Zipmex ...
Tag: Thai
Zipmex Requests Meeting With Thai Regulators Ahead of Fundraise
In an attempt to stay afloat, Zipmex has asked for meetings with the Securities Exchange Commission in Thailand as well as other government agencies as it works on a recovery plan. The firm intends to...
Zipmex to Meet Thai SEC and Potential Investors to Discuss Recovery Plan
Zipmex has asked for a meeting with regulators and potential investors to present a recovery plan. The exchange also re-enabled its Z wallet. Beleaguered crypto exchange Zipmex has made multiple devel...
Thai Energy Billionaire Sarath Ratanavadi Boosts Investment in Crypto
Thailand’s second-richest billionaire, Sarath Ratanavadi, has said he is increasing investments in the blockchain ecosystem, despite the crypto industry’s bitter winter, according to Bloomberg. Sarath...
Thai billionaire seeks licence to run digital asset exchange
Thailand’s second richest man, who made his money in the power generation industry, is looking to increase his company’s investments into blockchain ecosystems. Sarath Ratanavadi, CEO of Gulf Energy D...
Thai Energy Billionaire Turns to Crypto to Boost Growth: Report
The decision comes as Thailand’s retail trader market is dwindling. Data from the country’s Securities and Exchange Commission cited by Bloomberg showed the number of active trading accounts fel...
Thai Bank SCB Pulls Out of Acquisition of Crypto Exchange…
Thailand’s oldest bank Siam Commercial Bank (SCB) announced that it is abandoning a $500 million deal to acquire cryptocurrency exchange Bitkub. According to a press release, SCB said that it was pull...
Thai SEC Warns Thailand Investors of DeFi Transactions Touting Them as Risky
Thailand Security and Exchange Commission (SEC) has issued a warning in the state regarding the risks associated with DeFi transactions. The SEC says it is highly-likely that DeFi’s ecosystem, e...
DeFi Transactions Pose Higher Risks, Thai SEC Cautions Investors
Thailand Security and Exchange Commission (SEC) warns investors within the state about the risks that DeFi transactions pose. SEC claimed that DeFi’s ecosystem, especially lending and debit-taking fir...
Thai SEC Cautions Investors About Risks of DeFi Transactions Thai SEC Cautions Investors against Risks of DeFi Transactions
The Securities and Exchange Commission of Thailand (Thai SEC) has asked crypto investors in the country to be careful with DeFi transactions, terming them risky. The watchdog argued that local regulat...
In Crypto Law Overhaul, Thai Central To Receive More Powers
Thailand Central Bank has planned to overhaul its crypto laws to grant more powers to the central bank. Reports have suggested that the new amendments to the regulation will include Central Bank to be...
Thai SEC approves four crypto firms despite Zipmex woes
Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has approved four more crypto companies in the Kingdom. On Thursday, it was reported in local media that the SEC had grant...
Four Crypto Firms Allowed to Operate by The Thai SEC
The Rain of Licenses Despite one of its major crypto businesses banning withdrawals, Thailand’s regulators continue to approve new companies. The Securities and Exchange Commission (SEC), Thaila...
Despite Zipmex Dilemma, Thai SEC Approved 4 New Digital Asset Operators
Even though one of Thailand’s leading digital asset exchanges, Zipmex, suffered from Celsius Network and Babel Finance’s financial woes, the Securities and Exchange Commission (SEC) of Thailand has gr...
Netflix’s ‘Thai Cave Rescue’ Gets September Release Date
Netflix’s ‘Thai Cave Rescue’ will be released on September 22. Sasidis Sasisakulporn Based on the miraculous rescue of Thailand’s Wild Boars youth soccer team in 2018, Netflix’s Thai...
Thai SEC is Gathering Data on Losses Incurred by Zipmex Users
Thailand’s Securities and Exchange Commission (SEC) is concerned that some Zipmex users may have lost funds after the exchange briefly halted withdrawals and other services last week due to extreme ma...
Thai SEC launches digital hotline for Zipmex users
In the aftermath of the Thai cryptocurrency exchange Zipmex stopping withdrawals last week, local financial regulators are stepping in to look into potential losses by investors. Thailand’s Securities...
Strict Thai crypto regulation causes SCB to delay Bitkub acquisition
Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations. As reported by Cointelegraph in November 2021, SCB X Group, a subsi...
Thai SEC seeks clarification from Zipmex on withdrawal freeze
The Thailand Securities and Exchange Commission (SEC) has sent a letter to Cryptocurrency exchange Zipmex, asking for clarifications about the halt of all customer withdrawals, according to a July 21 ...
Thai Crypto Exchange Zipmex Suspends Customer Withdrawals
The Thailand-based cryptocurrency platform – Zipmex – froze clients’ withdrawals citing volatile market conditions. It remains unknown when the company will restore the service. The latest firm in the...
Huobi crypto exchange wins licenses in Dubai and New Zealand as Thai affiliate closes
Major cryptocurrency trading platform Huobi continues expanding its global presence by securing new licenses in New Zealand and the United Arab Emirates. On Friday, Huobi Group obtained the Innovation...
Crypto exchange Huobi to close down its Thai unit after regulatory problems
Cryptocurrency exchange Huobi will close down its operation in Thailand after it was delisted as a licensed digital trading platform by local regulatory authorities. According to a statement released...
Huobi Announces Closure of Thai Unit After Regulator Revokes License Huobi Announces Closure of Thai Unit After Regulator Revokes License
Digital assets exchange Huobi will close down its Thailand operations permanently with effect from July 1, 2022. A unit of the Seychelles-based company, Huobi Thailand, ran into trouble with the local...
Huobi Shuts Down Its Crypto Unit – Thai SEC Revoked the License
40 mins ago | 2 mins read Exchange News The Thai Securities and Exchanges Commission (SEC) announced to Shut down Huobi’s crypto services in Thailand. From July 1st 2022, Huobi will permanently close ...
Tycoon Charoen Sirivadhanabhakdi’s Frasers Property To Buyout Hotel REIT In Deal Valued At $970 Million
Charoen Sirivadhanabhakdi, chairman of Thai Beverage, appears with his daughter Wallapa … [+] Sirivadhanabhakdi during the relaunch ceremony of Pantip Plaza IT Shopping Mall in Bangkok. Piti A S...
Thai Central Bank Governor on CBDC Pilot Delay
Again, it gets back to that point that was raised during the panel that we want to be clear about what problem we’re trying to solve and think about the benefits of it. The existing system works...
Thai Billionaire Isara Vongkusolkit’s Banpu Buys Exxon Mobil’s Texas Gas Fields For $750 Million
The Barnett Shale Gas field in Fort Worth, Texas, is pictured at dusk on February 27, 2006. XTO … [+] Energy Inc. is extracting natural gas at this facility. J.G. Domke/Bloomberg News Banpu—cont...
Thai AirAsia X Files Seeks Bankruptcy Protection While Resuming Some Flights
AAX – XBC receiving ceremony Ariff Shah Sopian Thai AirAsia X, the long-haul budget airline under the AirAsia group, said its application for bankruptcy protection was accepted by Thailand’s Cen...
Muay Thai Living Legend Buakaw Banchamek Launches NFT Collection With Perks For Holders
Advertisement     Thailand kickboxing champion Buakaw Banchamek is launching an NFT collection known as Buakaw Club 1. The living legend is venturing into the digital ...
Thai VC Fund SeaX Ventures Raised $60 Million to Invest in Blockchain, Web3
Thailand-based venture capital firm SeaX Ventures secured a $60 million fundraiser to accelerate the development of global startups throughout Southeast Asia. The company vowed to invest the proceedin...
Thai SEC Bans Crypto Payments, Cites Negative Economy Impact
The Thai Securities and Exchange Commission (Thai SEC) said it has banned the use of cryptocurrencies as payment methods for goods and services, saying that it has a negative impact on the country’s f...