Thailand Signals Openness to Controlled Crypto Conversion
Thailand is weighing a potential leap into regulated crypto services and blockchain bond tokens, signaling growing openness to digital finance while maintaining strict oversight safeguards. Thailand Weighs Crypto-Linked Services Under Tight Controls Thailand may explore ways to link cryptocurrency with certain services under strict oversight, Finance Minister Pichai Chunhavajira stated during an investment seminar on […]
Thailand to Issue $150M in New Digital Investment Tokens
Thailand’s Ministry of Finance will issue $150 million (5 billion baht) worth of new digital investment tokens, called G-Tokens, within two months. These tokens will allow retail investors to invest in government bonds for as little as $3, offering potentially higher returns than bank deposits. While not a debt instrument or cryptocurrency, the G-Token will […]
Thailand Intensifies Fight Against Mule Accounts in Digital Assets
Thailand has approved significant amendments to the digital asset and cybercrime laws to combat cybercrime and online scams. Combating Mule Accounts in the Crypto Industry The Thailand Cabinet has approved significant amendments to the Digital Asset Business Law and the Cybercrime Law, aiming to bolster the nation’s defenses against cybercrime and the use of “mule […]
Binance Airdrops $1.5M in Crypto to Quake-Hit Thailand and Myanmar
Binance Charity will airdrop up to $1.5 million in crypto to verified users in quake-hit Myanmar and Thailand, showcasing blockchain’s power in disaster relief. Binance Charity Airdrops $1.5M in Crypto to Quake Zones in Thailand, Myanmar Crypto exchange Binance announced on March 31 that its philanthropic arm, Binance Charity, and co-founder Changpeng Zhao (CZ) will […]
Thai SEC Files Criminal Complaint Against OKX for Unlicensed Operations
Thailand’s Securities and Exchange Commission (SEC) has filed a criminal complaint against Aux Cayes FinTech Co. Ltd., the operator of the digital asset exchange OKX, and nine associated individuals for allegedly operating an unlicensed digital asset exchange. The complaint, submitted to Thailand’s Economic Crime Suppression Division, claims that OKX violated the Emergency Decree on Digital […]
Tether’s USDT Gains Regulatory Greenlight From Thailand’s SEC
Thailand’s Securities and Exchange Commission has officially approved Tether’s USDT as a recognized cryptocurrency, allowing its trading and potential use in payments, marking a significant step forward for stablecoin adoption in Asia. Thailand Approves Tether’s USDT, Paving Way for Stablecoin Payments Tether’s USDT, the world’s largest stablecoin by market cap, has been officially approved by […]
Tether’s USDT Gains Regulatory Greenlight From Thailand’s SEC
Thailand’s Securities and Exchange Commission has officially approved Tether’s USDT as a recognized cryptocurrency, allowing its trading and potential use in payments, marking a significant step forward for stablecoin adoption in Asia. Thailand Approves Tether’s USDT, Paving Way for Stablecoin Payments Tether’s USDT, the world’s largest stablecoin by market cap, has been officially approved by […]
$2.5M in Crypto Assets Seized in Thai Scam Raid
Two Chinese nationals were arrested in Thailand on Feb. 5, after a joint Thai-Chinese operation seized $2.5 million in USDT and other assets worth over $100,000. Scam Masterminds Linked to Human Trafficking A recent joint operation by Thai and Chinese law enforcement resulted in the seizure of $2.5 million worth of USDT stablecoins (84 million […]
Thailand SEC Embraces Blockchain: Plans to Launch DLT-Based Debt Instrument Trading System
Thailand’s Securities and Exchange Commission is planning to launch a blockchain-based debt instrument trading system that encourages securities firms to trade digital asset tokens. SEC Considers Token Fundraising Thailand’s securities regulator has said it plans to launch a blockchain- or distributed ledger technology (DLT)-based debt instrument trading system. The regulator said it hopes to convince […]
Thailand SEC Explores Bitcoin ETF Listing
The local listing of bitcoin ETFs is being weighed by the Thailand SEC which would make them accessible to both individuals and institutions. Thailand Looking to Adopt Bitcoin ETFs The listing of bitcoin exchange-traded funds (ETFs) is being contemplated by Thailand’s Securities and Exchange Commission (SEC). The Secretary-General of the regulatory body, Pornanong Budsaratragoon, confirmed […]