Thailand Approves Tax Relief For Bitcoin, Crypto

Thailand's cabinet approved tax relief for bitcoin and cryptocurrency investors giving a value-added-tax and loss-harvesting tools to offset taxes.

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Thailand: BX Bitcoin Exchange Shutdown Attributed to Stringent Regulations

More updates have emerged regarding the closure of one of Thailand’s largest Bitcoin exchanges, reports the Bangkok Post. Sources say the move was due to the platform not being keen on complying with some of the more stringent anti-money laundering (AML) provisions set forth by regulators.

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Was Thailand’s Top Crypto Exchange Bamboozled by Bureaucracy?

The surprise announcement earlier this week that the top bitcoin exchange in Thailand was closing down sent shock waves through the Asian crypto community. BX was one of the most popular exchanges in the region and speculation is growing as to why the company made the snap decision to suddenly axe a clearly profitable venture.

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Yet Another Cryptocurrency Exchange Shuts Down, This Time in Thailand

Coinspeaker Yet Another Cryptocurrency Exchange Shuts Down, This Time in ThailandThailand-based cryptocurrency exchanges, Bitcoin Co. Ltd will be closing down its cryptocurrency trading department.

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Thai Bitcoin Trading Platform Won’t Renew its Digital Asset Exchange License

Despite promising market momentum, the current conditions remain problematic for Bitcoin service providers. In Thailand, one of the biggest services will shut down in a few weeks. Bitcoin Co. Ltd, also known as Bx.

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Thai Cryptocurrency Exchange Bitcoin Co. Ltd. Closing Down Operations

Thailand’s leading cryptocurrency exchange Bitcoin Co. Ltd. is shutting down its trading operations

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Thai Crypto Exchange BX.in.th Shuts Down

Bitcoin Co. Ltd., (BX.in.th) a popular crypto exchange in Thailand, is shuttering its services.

The post Thai Crypto Exchange BX.in.th Shuts Down appeared first on Bitcoin Magazine.

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Thai Exchange Bitcoin Co. Suddently Closes Operations After Five Years

Bitcoin Co. , a prominent cryptocurrency exchange in Thailand, has abruptly shut down after staying in service for almost five years. Today, the exchange affirmed that this is the time to focus on “other business opportunities” and decided to shut down the site.

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Thailand’s Top Crypto Exchange Closes its Doors Unexpectedly, Sells BTC For $9k

Crypto traders and investors in Thailand woke up to an unpleasant surprise this morning as the Kingdom’s leading digital asset exchange announced that it was closing down. Limited Options For Thai Crypto Traders In an official announcement today, Thai SEC regulated BX crypto exchange stated that it would be discontinuing digital asset trading services at the end of the month.

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Major Bitcoin Exchange in Thailand Shuts Down

Bitcoin Co. Ltd. says it will be shutting down its cryptocurrency exchange service in a shock move for a country that is seeing increasing levels of crypto commerce. There is no word yet on the reasons behind the decision but the company reportedly plans to pivot towards other business areas.

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$9,100: Thailand's Biggest Crypto Exchange Shutters, Crashing Bitcoin Price

By CCN Markets: BX Thailand, also known as BX. in. th and Bitcoin Co. Ltd. , the largest bitcoin exchange in Thailand according to data published by CoinGecko, has announced it is shutting down its cryptocurrency trading platform by September 30.

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Bitcoin sold at $6,500 on Thailand exchange after announcement of shutting down

Earlier today, prominent Thailand-based cryptocurrency exchange BX Thailand, abruptly announced that it would no longer function.  The exchange was operated by Thai company, Bitcoin Co. Ltd and has been functioning for the last five years.

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Thai Customs Adopt IBM’s Blockchain Platform for Shipment Tracking

The Customs Department of Thailand has adopted TradeLens, IBM’s blockchain-powered digital trade platform that supports efficient and accurate container tracking and real-time information sharing among stakeholders in the supply chain.

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Central Banks Worldwide Testing Their Own Digital Currencies

Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden.

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Thai Government to Integrate DLT, A.I and Emerging Technologies into the Digital Economy

In a bid to improve the income, quality of life, and competitiveness of ordinary people in the society, Thailand’s Digital Economy and Society Ministry (DE)  intends to use innovative technologies like blockchain in developing mobile applications and e-commerce solutions over the next three months, reports Bangkok Post on August 11, 2019.

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3 Central Banks Shock The Market With Aggressive Rate Cuts; Yuan Crashes, Gold And Bitcoin Rallying

Central banks in Asia-Pacific region— New Zealand, India, and Thailand, announced interest rate cuts in a surprisingly aggressive manner on Wednesday, furthering a global trend of monetary policy easing.

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Standard Chartered Bank Issues First DLT-Powered Letter of Credit

In a press release on August 7, 2019, U. K. -based Standard Chartered Bank, revealed it had successfully executed a pilot of the first cross-border Letter of Credit (LC) on blockchain for companies in the oil industry, including PTT Group, a Thailand state-run oil and gas company, PTT International Trading Pte Ltd, and IRPC Public Company LimitedRead MoreRead More.

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Thai Financial Watchdog Declares war on Crypto-Fueled Money Laundering

Pol Maj Gen Preecha Charoensahayanon, the acting secretary-general of Thailand’s Anti-Money Laundering Office (AMLO) believes Bitcoin and altcoins are a serious threat to the agency. As such, AMLO has pledged to prioritize the discovery of new hideouts for illegally obtained fiat converted to cryptoassets, according to a Bangkok Post report on August 5, 2019.

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Huobi Licensed to Launch Fiat-to-Crypto Exchange in Thailand 

Huobi Group, a leading Singapore-based digital assets exchange has announced that Huobi Thailand, its Thai-based subsidiary has secured a fifth license that would enable it to operate a crypto exchange in the region.

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Thailand grants 5th bitcoin exchange license to Huobi

Thailand grants 5th bitcoin exchange license to Huobi » CryptoNinjas Thailand’s Ministry of Finance has officially granted the 5th digital asset trading license to bitcoin and cryptocurrency exchange company Huobi.

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Driving Cryptocurrency Adoption on the Ground: Lessons Learned from Dash in Thailand

Real life payments have been the number one use-case of cryptocurrencies. Yet, a decade after Bitcoin’s genesis, it’s still a long way to mass adoption on both sides of the scenario, for the customers and merchants.

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Bank of Thailand: Libra’s Benefits and Risks must be carefully Studied 

Bank of Thailand (BOT) Governor, Veerathai Santiprabhob, has given his take on Facebook’s Project Libra, making it clear that the merits and risks of the digital asset still need to be studied extensively, reports local news source, Bangkok Post on July 19, 2019.

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Thailand Approves 4 New Cryptocurrency Service Providers

The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals.

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U. K. , and the U. S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.

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Oldest Thai Bank Talks About Vechain Next To Ripple And Bitcoin

Thailand’s largest commercial and oldest bank, Siam Commercial Bank, has released a blog post that indicates their interest in… The post Oldest Thai Bank Talks About Vechain Next To Ripple And Bitcoin appeared first on Invest In Blockchain.

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Hong Kong and Thai Authorities Sign Fintech MoU

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019.

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Thailand Set to Introduce Blockchain-Powered Digital Securities Trade

Thailand’s Securities and Exchange Commission (SEC) has amended the Securities and Exchange Act of 2019 to allow market players to participate in primary markets to trade digital securities. This according to a report by the Bangkok Post published May 2, 2019.

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Bitcoin Trading Volume Surges 250% in Thailand After ‘Seasteading’ Fiasco

An illegal ‘seasteading’ home belonging to a Bitcoin-rich couple was towed by the Thai navy. Meanwhile, the publicity of the event has caused Bitcoin volumes to soar in Thailand.   A Bitcoin-rich couples home was seized by the Thai navy.

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Thailand’s ban on crypto was always meant to be a temporary solution, says Thai SEC’s FinTech Director

Thailand was one of the nations to initially impose a ban on the use of cryptocurrencies, before permitting it with regulations in place. The Thai Securities and Exchange Commission [SEC] clarified that crypto-exchanges must seek approval from Thailand’s SEC and also provided an approved list of cryptocurrencies for the crypto-community.

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Thailand Records Highest Ever Weekly Bitcoin Trading Volume on LocalBitcoins

After seeing the lowest Bitcoin traded volume in the first week of September in 2018 at 44 BTC on LocalBitcoins, a peer-to-peer Bitcoin trading platform, since then Thailand has been seeing a surge in this volume.

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NTT Communications Thailand to Establish Blockchain, AI, IoT-Focused Innovation Lab

NTT Communications Thailand, the Thai subsidiary of Japan-based NTT Group is set to establish an “innovation lab” to pilot and develop Internet of Things (IoT), artificial intelligence (AI), and blockchain-based solutions to foster the country’s digitization reports Bangkok Post, April 23, 2019.

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Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges

North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.

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Bitcoin Volumes Spike in Thailand Amid Election Chaos and Navy Cryptonian Arrest

Bitcoin volumes in Thailand have risen 4x this past week on the peer to peer exchange Localbitcoin which can provide an unfakable proxy measure of general worldwide bitcoin adoption. In...

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Thai Navy Raids American Bitcoin Investor’s Floating Home Off the Coast of Thailand

An American Bitcoin investor, Chad Elwartowski, believed to be part of the first group of people to invest and… The post Thai Navy Raids American Bitcoin Investor’s Floating Home Off the Coast of Thailand appeared first on Invest In Blockchain.

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Bitcoin Girl Thailand goes into hiding to avoid death penalty after breach of ‘Thai Sovereignty’

Early Bitcoin investor, Chad Elwartowski and girlfriend Supranee Thepdet, aka bitcoin girl Thailand a popular influencer on social media, might face the death penalty over their “seastead” project which allegedly breached the Kingdom’s sovereignty.

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‘Thailand Wants Us Killed’: U.S. Bitcoin Retiree Accused of Building Micronation Faces Death Penalty

By CCN. com: A U. S. Bitcoin investor who dreamed of a life free of governments now risks losing not just his freedom but also his life. Michigan native Chad Elwartowski and his Thai girlfriend Supranee Thepdet (AKA Nadia Summergirl) have claimed that Thailand wants them killed.

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Bitcoiners’ Seastead in Deep Trouble With Thai Government

A seastead launched by an early bitcoin adopter off the coast of Thailand has run into trouble with local government. The Thai Navy boarded the structure Saturday, claiming it violates criminal law, which is punishable by death or life imprisonment.

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Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.

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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.

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Western Union Partners With Crypto Wallet for Cross-Border Transfers

Crypto wallet provider Coins. ph has partnered with U. S. financial service company Western Union to enhance cross-border transfers to the Philippines. The partnership will grant over 5 million Coins.

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Singapore’s DragonEx Reports Hack, Releases Suspected Wallet Addresses

The Singapore-based cryptocurrency exchange DragonEx has announced a security breach to its users via its official Telegram channel. In the message, a company administrator revealed that the hackers stole assets belonging to both the exchange and its users.

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Stock Exchange of Thailand Announces Digital Assets Platform

The Stock Exchange of Thailand (SET) published a document on March 13, 2019, where they outlined plans to modernize and transform the Thai capital market, and one of the steps in that plan involves the rolling out of a digital assets trading platform in 2020.

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Quoine Found Liable for Wrongfully Reversing BTC Trades in Singaporean First

In the first Singaporean legal dispute involving BTC, Singapore-registered cryptocurrency exchange Quoine has been found to have wrongfully reversed seven trades placed by market maker B2C2 during April 2017.

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Thailand Approves Country’s First ICO Portal

Thailand’s Securities and Exchange Commission (SEC) has reportedly approved the country’s first portal for initial coin offerings (ICOs). The main purposes of these portals are to screen tokens, perform due diligence, ensure project consistency with its whitepaper, and verify the know-your-customer process.

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Thailand’s SEC Reportedly Approved Pioneer Initial Coin Offering (ICO) Portal

According to a local news outlet, The Bangkok Post, the Thai Securities and Exchange Commission (SEC) has approved Thailand’s first Initial Coin Offering (ICO) portal on March 12, 2019. Unnamed Operator Is a Foreign Entity The Thai SEC’s approval means that other government agencies such as the Ministry of Commerce can now review the portalRead MoreRead More.

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Libertarian Couple Fund Creation of World’s First Functional Seastead Using Bitcoin

A couple has launched the world’s first functional seastead, which they funded using investment income from their bitcoin holdings. Chad Elwartowski and Nadia Summergirl set the venture afloat on February 12, 2019, twelve nautical miles off the coast of Phuket in Thailand.

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Bitcoin Early Adopters Build Seasteading Home off the Coast of Thailand

Interest in cryptocurrency is often interlinked with a passion for personal freedom and a desire to shape the future for the better. A recent example of this is a team of Bitcoin early adopters who are building a seasteading home off the coast of Thailand.

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Bitcoin, Ether, XRP, and Stellar Lumens Accepted for ICO Purposes, Says Thai SEC

On February 28, 2019, Thailand’s financial watchdog, the Securities and Exchange Commission (SEC), updated the list of cryptocurrencies which can be used for initial coin offering (ICO). The list now comprises of a total of four digital currencies – bitcoin (BTC), ether (ETH), XRP, and stellar lumens (XLM).

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Thailand Bans Bitcoin Cash, Ethereum Classic, Litecoin from Trading Pairs & ICOs

Thailand’s Securities and Exchange Commission banned bitcoin cash (BCH), Litecoin (LTC), and Ethereum Classic (ETC) from eligibility for initial coin offerings, investments, and base trading pairs against other cryptocurrencies traded on digital asset exchanges.

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