Thailand’s Securities and Exchange Commission (SEC) has opened a public hearing on a draft regulation that would prohibit digital asset business operators from providing or supporting deposit-taking a...
Tag: Thailands
Thailand’s SEC looks to clamp down on crypto lending and staking services
Thailand’s Securities and Exchange Commission (SEC) has opened a public hearing on a draft regulation that would prohibit digital asset business operators from providing or supporting deposit-taking a...
Thailand’s Biggest Food Exporter Uses Tech To Monitor Goods
Charoen Pokphand Foods Public Company (CP Foods) of Thailand, the country’s biggest food exporter, is set to integrate blockchain technology into its operations, expanding to shrimps and other product...
Alameda’s $65B ‘backdoor’; Thailand’s digital wallet system
The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion artificial credit line at FTX. Meanwhile, Thailand has created a mandate that will ...
Thailand’s SEC Issues New Regulations For Crypto Custodians
Thai SEC introduced new regulations for crypto custody service providers. Crypto custodians in the country will have to submit a contingency plan. Thailand’s financial regulators ramped up crypto regu...
Thailand’s SEC mandates exchanges to establish digital wallet management system
The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers’ assets. The SEC o...
Thailand’s banking sector goes digital: BOT to permit virtual banks by 2025
Thailand aims to boost competitiveness and economic growth by permitting virtual banks By 2025, the Bank of Thailand (BOT) intends to permit the creation of virtual banks. This marks a significant ste...
Thailand’s Bitkub in market regulator’s crosshairs, yet again
The Thai Securities and Exchange Commission has reprimanded Thailand’s leading crypto exchange Bitkub for the second time in a thirty-day timespan. New month, new lawsuit The official press release i...
Thailand’s SEC to take legal action against Crypto exchange Bitkub and two individuals
This is the second charge against Bitkub this year SEC is cracking down on exchanges with massive fines Two individuals associated with the Satang exchange also fined SEC accuses individuals and Bitku...
Thailand’s SEC sues 5 for wash trading activities
Thailand’s Securities and Exchange Commission (SEC) is suing five entities over wash trading activities on two crypto exchanges, Bitkub and Satang corporation. According to a Sept. 27 press release fr...
Will Thailand’s SEC ban all crypto operators in the state
After the crashes of the crypto lending platforms that occurred in the summer of 2022, the Securities and Exchange Commission (SEC) of Thailand is planning to implement radical measures. The Thai SEC ...
Zipmex stands in a fix as Thailand’s SEC pulls exchange in legal battle
Thailand’s Securities and Exchange Commission (SEC) filed a police complaint against cryptocurrency exchange Zipmex. The complaint was filed after the exchange failed to deliver information related to...
Thailand’s SCBX Bank Canceled Acquisition of Bitkub Exchange
Bitcoin News The exchange needs to resolve issues with domestic watchdogs. It was the first bank in the region when it opened in 1904. Formerly known as Siam Commercial Bank, SCBX Pcl abandoned its pl...
Thailand’s SCBX Abandons Plans to Acquire Crypto Platfrom Bitkub
SCBX Pcl – formerly known as Siam Commercial Bank – withdrew its intentions to purchase a 51% stake in the crypto asset firm Bitkub for $500 million. The financial institution said the exchange needs ...
Thailand’s Commercial Bank SCB Terminates Deal to Acquire BitKub Crypto Exchange
Siam Commercial Bank (SCB), the oldest commercial banking institution in Thailand, has announced the effective termination of its proposed deal to acquire the BitKub exchange. According to the press r...
Thailand’s SCB Scraps Bitkub Takeover Deal Citing Regulatory Issues
Thailand’s oldest lender has pulled out of a $500 million deal to buy cryptocurrency exchange Bitkub, which had been delayed since July. According to Reuters, SCBX, the parent company of Siam Commerci...
BTC Dips Below $23.5K; The Crypto Bear Market Will Test Thailand’s SEC
The largest cryptocurrency by market capitalization was recently at roughly $23,350, down slightly over the previous 24 hours. Bitcoin finished its second consecutive positive week, rising more than 1...
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules – Exchanges Bitcoin News
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening cryp...
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules – Coinotizia
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening cryp...
Thailand’s Oldest Bank Stalling on Acquisition of Crypto Exchange
Thailand’s oldest bank is taking its time to consider the agreement it made to purchase the country’s largest cryptocurrency exchange last year. Bangkok-listed SCB X agreed to acquire a majority stak...
Jay Mart’s Hypergrowth Propels Founder Adisak Sukumvitaya To The Ranks Of Thailand’s 50 Richest
This story is part of Forbes’ coverage of Thailand’s Richest 2022. See the full list here. Adisak Sukumvitaya parlayed Jay Mart from a single store into a tech-driven retailing and financial ser...
Founder Of Apple Distributor Com7 Joins Ranks Of Thailand’s 50 Richest As Demand Explodes
This story appears in the July 2022 issue of Forbes Asia. Subscribe to Forbes Asia Sura Khanittaweekul Kittidech Charoenporn/Forbes Thailand This story is part of Forbes’ coverage of Thailand’s ...
Thailand’s Crypto Utopia — ‘90% of a cult, without all the weird stuff’ – Cointelegraph Magazine
The story of how a Bitcoin OG set up a Libertarian crypto community and commune for digital nomads on beautiful islands in Thailand three times — and why he hasn’t yet given up on the dream. It’s a wi...
Huobi to Shut Down Thailand’s Division After Losing Operational License
Thailand’s Securities and Exchange Commission (Thai SEC) has revoked the operating license of the popular cryptocurrency exchange, Huobi, for regulatory violations, an official announcement revealed W...
SEC permanently revokes Huobi Thailand’s license: Branch to close by July
Huobi’s operations in Thailand have been halted, as the Thai SEC revoked the crypto platforms operations in May this year, making a permanent decision that will result in the permanent closure of Huob...
Thailand’s First Domestic Mega App Will Be Developed By Google And Robinhood
A super app is essentially a consolidated app that contains all of a user’s demands. Ride-hailing services, food delivery, payment wallets, flight and hotel bookings, groceries, and many other s...
Thailand’s WHA Utilities And Power Targets Solar Energy Projects With Bond Sale
Solar panels in a project ran by the Thai Ministry of Energy. Thierry Falise/LightRocket via Getty Images WHA Utilities and Power (WHAUP), owned by tycoon Jareeporn Jarukornsakul, said on Wednesday it...
Thailand’s Unicorn Gulf Energy Invests in Binance.US as Part of Joint Venture
Gulf Energy’s partnership with Binance is well in tune with its digital transformational plans and will lay the basis for the firm’s potential moves in the emerging digital scene in the near future. O...
Thailand’s Leading Power Company Gulf Energy Invests in Binance US and BNB
Thailand’s Gulf Energy Development Public Company Ltd. recently announced that it had made a significant investment in the US affiliate of the leading cryptocurrency exchange, Binance. Gulf Invests in...
Crypto Weekly Roundup: Russia’s BTC Legalization, Thailand’s Crypto Ban, BTC Spot ETFs To Come Soon, Cardano Hits Milestones, And More
In light of the multiple sanctions imposed on it, Russia might be following in Ukraine’s footsteps by opening up BTC payments for its energy exports. To find out more about what else happened in the c...
Thailand’s Finansia Moves to Add Digital Assets to Brokerage Business
Finansia Syrus Securities Public Company Limited, a Thailand securities brokerage firm in business since 2002, has made arrangements to add digital assets to its profile. The public company has signed...