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Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks
Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment. дальше »
2021-7-11 02:30 | |
Thailand’s Central Bank Cautions Against Using Crypto as a Means of Payment
The Bank of Thailand (BOT) has issued a warning against using digital assets as a payment method, stating it could work with the country’s Securities and Exchange Commission (SEC) if crypto payments become widespread. дальше »
2021-7-10 05:00 | |
Bank of Thailand Warns Against Using Digital Assets as Payment for Goods and Services
The central bank of Thailand is currently busy with the development of a CBDC and is focused on forming policy guidelines to regulate stablecoins for more reliable digital payment channels. The post Bank of Thailand Warns Against Using Digital Assets as Payment for Goods and Services first appeared on BitcoinExchangeGuide. дальше »
2021-7-9 17:17 | |
Using crypto for payments is very risky, Thai Central Bank warns
While some countries like Argentina are looking to propose laws for the use of Bitcoin for salary payments, other countries are more critical of cryptocurrency. The Bank of Thailand (BoT) has cautioned against the use of digital assets like Bitcoin (BTC/USD) and Ethereum (ETH/USD) for the payment of goods and services. дальше »
2021-7-10 15:43 | |
Thailand's central bank warns against using digital currencies for payments
The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose "extensive risks to the general public or the economic and financial system." дальше »
2021-7-8 19:20 | |
Recent regulatory issues caused Binance to double its compliance team
Binance has been operating as the world’s largest crypto exchange for years, and by now, it has spread its services to most parts of the world. However, recently, authorities of a number of countries raised concerns about the platform, including Japan, Germany, Thailand, and, as of late, the UK, as well. дальше »
2021-7-7 15:03 | |
The Global Crackdown on Binance which Accounts for Nearly 70% Spot Exchange Volume Market Share
The leading cryptocurrency exchange Binance is now being targeted by Thailand’s watchdog, which filed a criminal complaint against them on Friday for operating a digital asset business without a license. дальше »
2021-7-4 17:02 | |
Binance’s Troubles Grow as Thailand Files Criminal Complaint — Similar Warnings by Cayman Islands, UK, Japan
A growing number of regulators worldwide have come after Binance. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against the crypto exchange after the authorities in the Cayman Islands, the U. дальше »
2021-7-4 06:30 | |
Binance Under More Pressure as Thailand SEC Files Criminal Complaint
Binance appears to be in more hot water following the latest action by the Thai SEC, who have filed a criminal complaint against the exchange. The post Binance Under More Pressure as Thailand SEC Files Criminal Complaint appeared first on BeInCrypto. дальше »
2021-7-2 16:15 | |
Thailand's SEC files criminal complaint against Binance
Binance finds itself, once again, in a pool of trouble after Thailand's Security and Exchange Commission [SEC] filed a criminal complaint against the exchange for operating a digital asset business wiThe post Thailand's SEC files criminal complaint against Binance appeared first on AMBCrypto. дальше »
2021-7-2 14:00 | |
Flashcoin Listing on Mandala Exchange
Mandala.Exchange, a leading digital asset trading platform, now has listing Flash in the queue. Flash will be exchanged through its trading pairs the first being USDT and followed by BTC. This move will facilitate users from many countries, including many on Continental Africa, Indonesia, Thailand, UAE, and more, to access buying and selling of Flashcoin […] дальше »
2021-7-2 13:10 | |
Rising Interest In Polygon Overtakes Polkadot In Five Major Countries
India’s rising star blockchain ecosystem, Polygon which has brought practical scalability to Ethereum and attracted investment from crypto investor Mark Cuban has overtaken its biggest competitor Polkadot to dominate various markets across the world, including in the US, Saudi Arabia, Pakistan, Serbia, and Thailand. дальше »
2021-6-18 17:58 | |
Asia-Pacific crypto exchange Zipmex lists Stellar (XLM)
Zipmex, an Asia-Pacific-based cryptocurrency exchange with locations in Singapore, Indonesia, Australia, and Thailand, announced today it has listed Stellar Lumens (XLM). The Stellar network enables faster transactions than other blockchain-based systems as the transfer of lumens does not require approval from traditional crypto miners. дальше »
2021-6-16 14:11 | |
Crypto Cyberthreats Spike This Year With Russia Hit the Hardest, Report Reveals
Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. дальше »
2021-6-15 22:30 | |
Thai SEC orders exchanges to delist Dogecoin, Shiba Inu, NFTs, and ‘fan’ tokens
The Thailand Securities and Exchange Commission (SEC), the nation’s capital markets watchdog, banned the trading of memecoins like Dogecoin and Shiba Inu, non-fungible tokens (NFTs), and other unclear assets over the weekend. дальше »
2021-6-14 15:06 | |
Thailand: SEC to Ban Trading of NFTs, Meme Coins, Fan Tokens
The Thai financial regulator is having none of the meme coins, NFTs, fan tokens, and exchange tokens. Thai SEC Prohibits Trading of Meme Tokens In an announcement made recently, the Thai financial regulator, the Securities and Exchange Commission (SEC) stated it was putting a ban on several of the hottest trading tokens in the cryptocurrencyRead More дальше »
2021-6-13 13:30 | |
Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges
The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges. дальше »
2021-6-12 14:30 | |
Crypto exchanges in Thailand have been barred from listing Dogecoin (DOGE)
Thailand’s Securities and Exchange Commission has banned crypto exchanges from dealing with certain types of tokens. The Thai SEC issued the guidelines, informing exchanges to desist from trading on four different types of tokens. дальше »
2021-6-12 11:11 | |
Thailand’s SEC Has Banned NFTs And Meme-Based Tokens
Thailand’s Securities and Exchange Commission has issued guidelines barring crypto exchanges from supporting four different types of tokens. No More NFTs Or Meme-Based Tokens In a Friday announcement from the Thai SEC, the regulatory body said that Secretary-General Ruenvadee Suwanmongkol had approved crypto exchange guidelines, Notification 18/2564 on “Rules, Conditions and Procedures for Undertaking Digital […] дальше »
2021-6-12 02:24 | |
Bank of Thailand ties with Giesecke+Devrient to create CBDC prototype
The Bank of Thailand (BoT) has joined hands with German technology firm Giesecke+Devrient (G+D) for the creation of a central bank-issued digital currency (CBDC). A report unveiled this news earlier today noting, that the central bank had procured G+D’s services after issuing the company a letter of invitation. дальше »
2021-6-3 22:22 | |
Thailand SEC to Targets Decentralized Finance (DeFi), Drafts New Regulations
Thailand's Securities and Exchange Commission (SEC) is set to draft new regulations regarding decentralized finance (DeFi) projects. DeFi Platforms May Require License Soon According to reports from Bangkok post, DeFi platforms may require a license to operate in Thailand soon. дальше »
2021-6-1 17:32 | |
New Thai Regulations Target DeFi Sector Following Pump and Dump
New developments in Thailand's decentralized finance (DeFi) sector may face new regulations after a new SEC announcement this past weekend. The post New Thai Regulations Target DeFi Sector Following Pump and Dump appeared first on BeInCrypto. дальше »
2021-6-1 13:53 | |
DeFi sector in Thailand faces tougher times ahead of stricter regulation
The DeFi sector in Thailand could be facing a more restricted environment as the country’s Securities and Exchange Commission has stepped up in its regulation. The regulatory body announced that digital tokens issued and offered for transactions must receive the necessary approval. дальше »
2021-6-1 13:43 | |
Thailand’s SEC looks to regulate the issuance of DeFi tokens
The Securities and Exchange Commission (SEC) of Thailand has announced that it may require decentralized finance (DeFi) projects that issue cryptocurrencies to obtain corresponding licenses in the future, Bangkok Post reported today. дальше »
2021-6-2 13:19 | |
Thailand: SEC Contemplates Regulating DeFi
Thai financial watchdog mulls regulating decentralized finance (DeFi). Trying to Regulate DeFi According to a report by The Bangkok Post published on June 1, Thailand’s financial regulator, the Securities and Exchange Commission (SEC) is keeping a close eye on DeFi protocols and might consider issuing licenses to DeFi projects that involve token issuance. The ThaiRead More дальше »
2021-6-1 13:01 | |
Thailand to target DeFi in latest regulatory clampdown
A new DeFi yield farming platform in Thailand has rattled regulators.
дальше »2021-6-1 08:10 | |
Thai Public Company Brooker Group Invests $6.6 Million in Bitcoin
The Brooker Group has reportedly become the first publicly listed company in Thailand to hold bitcoin on its balance sheet. The company has disclosed that it has bought 122. 3158 bitcoins worth $6. 6 million or 200 million baht. дальше »
2021-5-15 14:30 | |
Thailand Regulator Introduces ‘Physical Identification’ KYC Process on Crypto Exchanges
Cryptocurrency exchanges must comply by July this year.
The post Thailand Regulator Introduces ‘Physical Identification’ KYC Process on Crypto Exchanges first appeared on BitcoinExchangeGuide. дальше »2021-5-4 18:17 | |
Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts
The Thai government has reportedly imposed a new cryptocurrency requirement. Crypto exchanges will be required to verify users’ identities using a machine that requires the customers to be physically present. дальше »
2021-5-4 05:30 | |
Thailand Residents Required to Verify KYC in-Person For Crypto Exchange Sign Up
Regulators in Thailand are looking to tighten up KYC norms in the nation for cryptocurrency exchanges as the nation is experiencing a surge in demand for the emerging asset class. Thai residents might soon be required to be present physically when identifying themselves for a crypto exchange. дальше »
2021-5-4 19:00 | |
Thailand mandates ‘in-person’ KYC for crypto traders
Thailand’s crypto traders will be soon required to be physically present for opening an account at one of the many exchanges and wallet providers based in the country, local outlet Bangkok Post reported today. дальше »
2021-5-3 16:00 | |
Thailand set to tighten rules for opening new accounts at crypto exchanges
Thailand’s financial watchdogs are gearing up to introduce new policies that will require crypto exchanges to verify the identities of new users in person. The country’s Anti-Money Laundering Office (AMLO) will mandate exchanges to use a dip-chip machine for identity verification starting July 2021. дальше »
2021-5-3 14:22 | |
Thailand to introduce in-person KYC for crypto exchanges
Thailand’s government aims to curb new crypto account creation with stringent KYC requirements.
дальше »2021-5-3 06:57 | |
Thailand’s KBank to Explore Decentralized Finance (DeFi) to Expand Its Digital Reach
Kasikornbank, one of the biggest financial institutions in Thailand, has identified decentralized finance (DeFi) as key to its growth and expansion strategies. Kasikornbank, commonly known as KBank, has kickstarted exploring asset-backed DeFi utilizing blockchain as it seeks to expand and grow regionally. дальше »
2021-4-12 18:52 | |
Thailand’s Central Bank Plans To Start Piloting Its CBDC In 2022
Thailand’s digital currency project is progressing swiftly and the Bank of Thailand, the country’s central bank, is readying to start pilot tests in the second quarter of 2022. Thailand’s CBDC will be retail; meaning it will be for use by the general public. дальше »
2021-4-3 21:54 | |
Thailand's Central Bank announces CBDC testing plans for Q2 2022
It would seem that Thailand has jumped on to the Central Bank Digital Currency bandwagon after it issued a press release on Friday calling for public feedback on its proposed CBDC roadmap. The Bank ofThe post Thailand's Central Bank announces CBDC testing plans for Q2 2022 appeared first on AMBCrypto. дальше »
2021-4-2 15:34 | |
110-year-old Thai bank SCB taps into DeFi project Band Protocol
SCB 10X, the holding company of Siam Commercial Bank, Thailand’s first commercial bank, said today it was joining decentralized finance (DeFi) project Band Protocol as a node validator, as per a tweet this morning. дальше »
2021-3-31 01:00 | |
Bank of Thailand Set to Regulate Stablecoins, Says Bank Official
The Bank of Thailand (BOT) is set to draft regulations on stablecoins by the end of 2021. This comes following growing criticism from financial regulations regarding unlicensed stablecoins issued by private companies. дальше »
2021-3-21 18:31 | |
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. дальше »
2021-3-21 04:30 | |
Thailand's central bank planning to regulate stablecoins this year
The growth of cryptocurrencies over the past couple of years has pushed many countries towards stricter regulations, while some have moved to ban the asset class altogether. Thailand is one of the forThe post Thailand's central bank planning to regulate stablecoins this year appeared first on AMBCrypto. дальше »
2021-3-19 18:30 | |
Bank of Thailand Declares Terra-based Thai Baht Stablecoin THT Illegal & In Violation of Currency Act
The Bank of Thailand (BoT) has declared THT, a Baht-pegged stablecoin on Luna-powered Tera, in violation of the Currency Act of 1958, which gives the state exclusive authority to issue money. Pruettipong Srimachand, Assistant Governor of the Legal Group at the central bank, reported on the development around stablecoins in the private sector. дальше »
2021-3-18 19:31 | |
Bank of Thailand Abolishes the Use of THT Stablecoin
The Bank of Thailand has warned against the use of THT stable coin via a circular. Stablecoins currently have a market cap of over $53 billion. Stable coins provide a means to hold digital assets without worrying about their inherent volatility. дальше »
2021-3-18 17:57 | |