Category: Thailand

Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem […]

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New Crypto Rules in Thailand Could Require Traders to Show Income Before Opening Trading Accounts

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 Knowledge of the Market According to a Bloomberg […]

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Thailand Authorities Are Targeting Japanese Crypto Holders to Boost Tourism

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’ Per Bangkok Post, the Tourism Authority of Thailand (TAT) seeks to put […]

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Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages

Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages

The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive Outages Since the Beginning of 2021 According to Bangkok […]

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Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances

Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances

In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border funds transfer from South Korea to Thailand. Before […]

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Thai Excise Department is using blockchain to more efficiently collect taxes on goods

Thai Excise Department is using blockchain to more efficiently collect taxes on goods

Thailand’s Excise Department is planning to use blockchain technology to put into place a new system that will make it more efficient to collect taxes instead of raising them, according to a report by the Bangkok Post on Monday.  The Excise Department, which is a part of the Thai Ministry of Finance, is responsible for […]

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Stellar Lumen: SCB teams up with Lightnet to offer cross border payments

Thailand’s oldest bank SCB forms a partnership to improve cross-border payment efficiency. The new payment system will run on Stellar. Thailand’s largest bank the Siam Commercial Bank (SCB) has been focused on developing its cross-border payments for a while. In its most recent endeavor, the bank has chosen to join forces with a Singapore-based fintech […]

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