Ripple Builds New Partnerships in France and Sweden Despite Crypto Bear Market

Ripple inked deals with Paris-based payment provider for online marketplaces Lemonway and Swedish money transfer provider Xbaht focused on the Thailand remittances corridor.

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Thailand's Bitkub in market regulator's crosshairs, yet again

The Thai Securities and Exchange Commission has reprimanded Thailand’s leading crypto exchange Bitkub for the second time in a thirty-day timespan.  New month, new lawsuit The official press releThe post Thailand's Bitkub in market regulator's crosshairs, yet again appeared first on AMBCrypto.

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Regulators Tighten Crypto Market Rules in Thailand

The Thai SEC has tightened rules related to the crypto market, while the central bank is receiving more powers to regulate the market. The post Regulators Tighten Crypto Market Rules in Thailand appeared first on BeInCrypto.

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Thailand Set to Reform Crypto Rules After Market Rout

After Zipmex’s implosion, Thailand’s regulators have seemingly had enough and are looking to revamp the laws regulating the country's cryptocurrency industry. The post Thailand Set to Reform Crypto Rules After Market Rout appeared first on BeInCrypto.

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First Mover Asia: BTC Dips Below $23.5K; The Crypto Bear Market Will Test Thailand’s SEC

The country’s market regulator has said that stricter digital asset rules are coming to ensure that investors are protected; BTC trades slightly lower on Sunday.

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Thailand: One of Asia's biggest adopters now barred from using crypto as payment

Within the Asian market, the crypto market grew drastically and showcased a unique insight. In just a year, the market saw a 706% increase. Thus, it represented 14% of all crypto transactions around tThe post Thailand: One of Asia's biggest adopters now barred from using crypto as payment appeared first on AMBCrypto.

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Thailand Set To Become Crypto Paradise After Relaxing Crypto Tax Burden For Investors

Minutes of the latest cabinet meeting of Thailand's Ministry of Finance reveal plans by the Thai government to boost the growth of the nascent market in the country. The minutes show plans for targeted tax exemptions and breaks.

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Thailand scraps 15% crypto capital gains tax following public backlash

The Thai Revenue Department had initially intended to tighten oversight of cryptocurrency trading after seeing substantial market growth.

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CELENFT Launches Celebrity-Focused NFT Platform

Tuesday, January 11, 2022 — Bangkok Thailand — Non-fungible tokens or NFTs have taken the international market by storm. According to recent data released by market tracker DappRadar, the sales volume of NFTs surged to $10.

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15% Capital Gains Tax to Be Paid by Crypto Traders in Thailand: Details

All crypto market participants in Thailand who profit from crypto trading are now subject to a 15% tax

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Bitkub Coin surges 200%, Mana continues its decline and HUH Token announces its launch

Bitkub Coin, the product of Thailand’s latest startup Biktub Online Co, has surged over 200% after it sold a majority stake to the nation’s biggest bank by market value. Siam Commercial Bank Pcl announced that it will acquire 51% of Bitkub for 17.

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Chainalysis: US Leads DeFi Adoption With High Share of Experienced Investors

Investors from the US, Vietnam, Thailand, China and the UK dominate the decentralized finance market. The more familiar investors are with trading and cryptocurrencies, the more often they turn to DeFi.

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Ripple partners GME Remittance to scale payments into Thailand

XRP price jumped 10% as news of the partnership hit the market Ripple has…

The post Ripple partners GME Remittance to scale payments into Thailand appeared first on Coin Journal.

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GME Remittance Joins RippleNet to Accelerate and Scale Payments from South Korea into Thailand

Today, we’re excited to announce that Global Money Express Co. Ltd (GME Remittance), one of the largest non-bank remittance service providers in South Korea has joined RippleNet. Through RippleNet, Ripple’s global financial network, GME Remittance has connected to Siam Commercial Bank (SCB), Thailand’s largest bank in terms of market capital.

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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.

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Thai regulator shifts focus to DeFi sector

Thailand’s financial market regulator has taken a keen interest in decentralised finance According to… The post Thai regulator shifts focus to DeFi sector appeared first on Coin Journal.

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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.

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Thailand’s crypto market seeks clearer regulations as industry interest peaks

The Thai SEC says the total number of crypto accounts rose by nearly 300% over the course of the last 180 days.

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Booming Crypto Market has Thai SEC Setting Registration Deadline For Digital Asset Managers

The Thailand Securities and Exchange Commission (SEC) will also hold hearings this month to set guidance for crypto exchanges to protect retail investors. The post Booming Crypto Market has Thai SEC Setting Registration Deadline For Digital Asset Managers first appeared on BitcoinExchangeGuide.

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Thailand’s Finance Minister Warns About Excessive Crypto Speculation

Thailand’s Finance Minister Arkhom Termpittayapaisith has expressed concerns over the exponential growth in cryptocurrency trading activities in the country. Crypto Speculation Could Hurt Thailand’s Capital Markets According to Bloomberg, Termpittayapaisith speaking at a capital market conference on Thursday (Feb.

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Thai Regulators Greenlight Crypto Funds as Capital for Securities Firms

In its latest pro-cryptocurrency stance, financial regulators in Thailand say crypto firms can now include their virtual currency holdings as part of their business capital. Southeast Asia remains the fastest growing digital market in the world.

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Louis Vuitton, Chanel and Volvo to Expand their Markets in Thailand via Japanese Chat App Line

Coinspeaker Louis Vuitton, Chanel and Volvo to Expand their Markets in Thailand via Japanese Chat App LineLine is by far the most popular messenger app in Thailand. After Japan, it is its second-largest market.

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Ripple Launches X-Border App With Thai Commercial Bank

In a country with more mobile phone subscriptions than people, mobile banking has taken off in Thailand in a big way. After partnering with a fintech remittance company recently, Ripple is now sewing up the Thai market by joining forces with its largest commercial bank, SCB.

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Thailand: Siam Commercial Bank to Use RippleNet to Tap $68 Billion Remittance Market

According to an official announcement dated March 26, 2020, Thailand-based Siam Commercial Bank (SCB), in partnership with Ripple’s enterprise-grade digital payments solution RippleNet, is making it easier for Thais to make instant low-cost cross-border payments from their mobile devices.

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Ripple Makes Big Bet on Asia-Pacific Remittance Market in 2020

Coinspeaker Ripple Makes Big Bet on Asia-Pacific Remittance Market in 2020Ripple has highlighted the poor state of the remittance market in the Asia-Pacific region. The company has announced that it will spread there in 2020 beginning with Thailand.

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Thailand Sees The Launch Of Its First Legal ICO Platform via Seamico Securities

Thailand has come a long way in accepting the crypto market. After the initial idea to ban cryptocurrencies back in 2013, the country has now seen the launch of the first legal Initial Coin Offering (ICO) platform.

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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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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 Finalizes Its First Transaction On New Voltron Blockchain

One of the most important banks in the market, Standard Chartered, has recently completed its first transaction using the new Voltron platform. Voltron is a new blockchain platform focused on the oil industry.

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XRP Inches Closer to $0.5, Can It Hit $1 By June?

XRP is now targetting the $0. 5 price level following the recent report of Ripple’s partnership with Siam Commercial Bank, Thailand’s largest bank. By the time of writing, XRP was trading at $0.

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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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Thai Securities and Exchange Commission (SEC) Passes Regulation to Allow Digital Shares

Thailand’s capital market is experiencing fast growth. The countries SEC has recognized this and has passed regulations to give the opportunity for new tokenized securities. Tipsuda Thavaramara, helped pass the bill for the new depository system which makes digital shares possible.

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Thailand and Myanmar Endorse Ethereum Blockchain-based Everex Technology for Remittances

According to a recent report released by Cointelegraph, the governors of two central banks backed a blockchain-based remittance system developed by Everex. This remittance service is based on Ethereum (ETH) one of the largest blockchain networks in the market.

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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 Now Has 4 Approved Cryptocurrencies

The Thai Securities and Exchange Commission (SEC) has announced a list of four approved cryptocurrencies for use as base trading pairs in the country. The regulator reportedly took into account factors such as sufficient market liquidity and a well-designed decentralized system.

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Binance Forays Into Indonesia’s Booming Crypto Scene, a Key Emerging Market

For a number of reasons, a majority of the nations in Southeast Asia have quickly become mainstays in the crypto space. Singapore, whose government has indirectly invested in Binance, is known for its array of industry startups, banks that operate in good faith with Bitcoin traders, and sector events.

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$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary?

A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $1. 35 million), according to a report in the Bangkok Post.   30 victims have filed a complaint against the company, CryptoMining.

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Dash Thailand Ventures Into One Of The Largest Outdoor Markets In The World

Dash, one of the top cryptos in the world, is about to expand. The company had a pretty good 2018 when compared to many other tokens that suffered a lot in the bear market and now it is set to enter the Jatujak market, in Thailand, which is considered to be one of the largest […]

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2019 will be a pivotal year for Southeast Asian tech startups

With a rising middle class and a booming tech startup scene, Southeast Asia (SEA) sits where China did 10 years ago — on the cusp of a major economic boom fueled by the tech industry. The only questions over the last few years have been: When will the tipping point be reached, and when will SEA mature from a promising regional market into the next big world economy? I’ve seen promising signs that in 2019, our region may finally reach that tipping point.

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XRP/USD Trading at Crucial Support at $0.30 — Can the Buyers Keep XRP Above This Support?

Ripple continues to increase their RippleNet usage with cross-border remittance payments to Thailand. The market is trading at a… The post XRP/USD Trading at Crucial Support at $0.30 — Can the Buyers Keep XRP Above This Support? appeared first on Invest In Blockchain.

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Thailand’s Satang Crypto Exchange Secures $9.9 Million with Its Security Token Offering (STO)

According to the Nikkei Asian Review, Thai crypto exchange company Satang Corp is looking to raise approximately $10 million through a security token offering. This is coming in the wake of crashing crypto prices, market turbulence and considerable market volatility.

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XRP strides towards adoption: From one partnership every six weeks to one partnership every six days

Ripple’s chief market strategist Cory Johnson has laid out company’s plans to speed up cross-border payments and money transfer. Johnson used an example of a Thailand – US money transfer, explaining that xRapid can easily convert Thai baht to XRP which can be sent digitally to the US.

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The Case for Digital Asset Regulation Part 2: Two Regulatory Approaches Driving Innovation in Thailand and Abu Dhabi

As discussed in the first of this three-part series, progressive regulation has helped the digital asset market thrive in countries like Japan. This is despite setbacks, such as the Mt Gox hack, that had many people calling for an outright ban.

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Thailand’s Regulator Sounds Alarm on 9 Crypto Projects

All nine virtual asset offerings do not have registration, the Thai market regulator has said.

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Thailand’s SEC Warns Investors Against Unregistered ICO Investment Risk

Thailand’s Securities and Exchange Commission (SEC) has issued a warning to investors against putting their money into initial coin offerings (ICOs) that are not recognized and authorized by the SEC.

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Bitcoin Scammer Arrested In Thailand

The $34 million Bitcoin scam has its prime suspect named Prinya Jaravijit who was arrested in Thailand after returning to the country. Jaravijit is allegedly part of a scam which saw a man from Finland, Aarini Otava Saarimaa scammed out of over 5,500 Bitcoins, this would be worth around $34 million in today’s market.

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50 ICO Projects Show Interest in Thailand’s New Crypto License

No fewer than 50 enterprises have indicated an interest in obtaining ICO licenses in Thailand. This comes after the enactment of a framework for licensing several aspects of the cryptocurrency market in the country.

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Everex partners with Myanmar’s Shwe Bank to Provide Migrants with Blockchain-Based Remittance Services

On July 31, 2018, Everex and Myanmar’s Shwe Bank announced a partnership to provide a blockchain-based solution to migrants. The deal will pave the way for the introduction of a blockchain-based remittance service that will allow migrants from Myanmar and Thailand to access cheaper remittance services.

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