2 / 3 Relevant items tagged with #Thailand

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Binance Thailand Crypto Exchange Open for Trading

[Jan 16 12:11 AM] The crypto exchange is a joint venture between Binance and Thailand's Gulf Innova.

Binance to launch Thai exchange in joint venture with local energy giant

[Nov 15, 2023 11:54 PM] Crypto services from Binance and Gulf Energy’s joint venture, Gulf Binance, will initially be available to Thai residents on an invitation-only basis.

Project mBridge reveals details of its workings ahead of MVP, commercial debut

[Oct 31, 2023 2:15 PM] Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is.

Singapore plans joint crypto pilots with Japan, Switzerland and UK

[Oct 30, 2023 5:24 AM] Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project.

Thailand’s KBank acquires crypto exchange business Satang

[Oct 30, 2023 3:16 AM] Thailand's second-largest lender by assets, Kasikornbank, is moving into crypto by acquiring a majority stake in the local crypto business Satang.

Thailand’s Kasikorn Bank Buys Majority Stake in Satang Crypto Exchange for $103M

[Oct 29, 2023 11:32 PM] The move continues a trend of Thailand's major traditional financial institutions moving into crypto.

Thailand delays digital money handout, critics call for probe

[Oct 23, 2023 4:04 AM] Thailand’s government has delayed the launch of a planned digital money program aimed at stimulating its economy, while opposition leaders call for a probe of the scheme.

Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership

[Sep 26, 2023 6:00 PM] The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.

mBridge CBDC project preparing for new members, launch of minimum viable product

[Sep 25, 2023 2:19 PM] The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.

Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded

[Sep 25, 2023 1:30 PM] While Thai regulators aim to tax crypto earned overseas, Brazilian lawmakers seek to protect it from seizure.

Thailand to start taxing overseas income next year, including from crypto

[Sep 19, 2023 3:22 AM] Any person who resides in Thailand for up to 180 days, would be subject to personal income tax on foreign assets, including crypto.

Second-largest Thai bank creates $100-million AI fund

[Sep 14, 2023 2:32 AM] The fund, named KXVC, will target AI, Web3, and Deep Tech startups with a focus on the Asia-Pacific region.

Thailand's KBank Starts $100M Fund Targeting AI and Web3

[Sep 14, 2023 12:56 AM] Thailand-based Kasikornbank (KBank), one of the major banks in South East Asia, has launched a fund worth $100m targeting AI and Web3 globally.

Thai authorities arrest 5 in 3,200-victim, $27M crypto scam

[Sep 11, 2023 8:02 AM] Victims lost over $27 million worth of Thai baht after investing in a fraudulent cryptocurrency investment platform.

Vietnam, the Philippines, and Brunei to Join ASEAN QR Payment System to Reduce Dependence on US Dollar

[Aug 29, 2023 1:30 AM] Vietnam, the Philippines, and Brunei will join a QR payment system to settle cross-border payments using local currencies within the Association of Southeast Asian Nations (ASEAN) bloc. The network, already being used between Indonesia and…

Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands

[Aug 26, 2023 1:30 PM] In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands…

Thailand’s next prime minister Srettha Thavisin has crypto history

[Aug 23, 2023 8:44 AM] Thavisin was once CEO of Sansiri, one of Thailand’s largest real estate firms, known for backing crypto projects like XSpring.

Thailand Threatens Facebook With Shutdown Over Crypto Scams

[Aug 23, 2023 3:30 AM] The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the…

Thailand’s New Pro-Crypto Prime Minister Was an Active Crypto Investor

[Aug 23, 2023 1:56 AM] The resolution of political drama and appointment of Srettha Thavisin as Thailand’s next Prime Minister means a 10,000 THB ‘airdrop’ is likely happening.

Thailand Warns Meta to Rein In Crypto Scams or Face Expulsion

[Aug 22, 2023 1:46 AM] A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes.

Thailand threatens Facebook over crypto scams and other fraudulent ads

[Aug 21, 2023 7:25 PM] Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams.

Discovering Freedom: A Ride Of Passage With Bitcoiners

[Aug 18, 2023 6:00 AM] This is an opinion editorial by Captain Sidd, a finance writer and explorer of Bitcoin culture.I want to tell you about a personal transformation that I underwent last year while I crossed the U.S., visiting over 30 Bitcoin meetups around the…

Mbridge Project Has Observers Worried About Advances of the Digital Yuan

[Aug 15, 2023 2:30 AM] The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping…

South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners

[Jul 18, 2023 12:26 PM] The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.

Silk Road Advisor Sentenced to 20 Years in Prison While a Rogue Double-Agent Eludes Capture

[Jul 12, 2023 8:00 AM] On Tuesday, July 11, 2023, the U.S. Attorney’s Office for the Southern District of New York, led by attorney Damian Williams, announced a 20-year prison sentence for Roger Clark. Clark was allegedly the senior advisor to the original Silk…

Thai SEC bans the use of customer crypto assets for lending and investment

[Jul 3, 2023 4:19 AM] Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy.

Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request

[Jun 19, 2023 11:30 PM] In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a…

Thailand launches retail CBDC pilot with 2 banks and Singapore payment service

[Jun 12, 2023 2:00 PM] The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.

Gulf Binance Clinches Thai Regulatory Approval

[May 26, 2023 8:41 AM] The joint venture between Gulf Innova and Binance aims to offer crypto services in the country starting later this year.

Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023

[May 26, 2023 6:05 AM] Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange.