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Thailand News

Thailand is a country in Southeast Asia with an area of 513,000 kilometers and a population of 68 million. Thailand has an emerging economy and is currently going through industrialization. However, Thailand is one of the major economies in Southeast Asia — second after Indonesia in terms of GDP. Thailand’s economy is based on computer components, the automotive industry, petroleum and agriculture. Bitcoin is legal in Thailand, though Thailand’s cryptocurrency exchanges and financial institutions are under some regulations. Thailand’s Bitcoin exchanges can only exchange digital currencies for Thai baht and need a Business Development Department license to perform such operations. Initial Coin Offerings are totally legal in Thailand and the SEC of Thailand even encouraged the funding of businesses with ICOs, but all those operations should be performed with the execution of all regulatory requirements.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

The over 5 million merchants registered with the Thai QR code system can now accept payment in privacy-focused cryptocurrency Zcoin.

Over 5 Million Merchants Throughout Thailand Now Accept Zcoin Payments

2019-08-16T20:34:00+01:00

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A blockchain letter of credit transaction in the oil industry has been sent by Standard Chartered with Thai state-owned oil giant PTT Group.

Standard Chartered Makes Letter of Credit Transaction Using Blockchain

Adrian Zmudzinski

2019-08-07T13:05:00+01:00

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A Thai regulator announced that the regulator will amend anti-money laundering regulation to prevent crypto use for illicit activities.

Thailand Gov’t Will Amend AML Laws to Regulate Cryptocurrency

Adrian Zmudzinski

2019-08-05T11:58:00+01:00

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Huobi’s Thailand-based subsidiary has secured the country’s fifth official license to operate a fully-regulated digital asset exchange.

Huobi to Launch Regulated Thailand-Based Crypto Exchange in Q3 2019

2019-07-25T14:20:00+01:00

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Bank of Thailand governor Veerathai Santiprabhob said that the institution is open to discuss Facebook’s Libra stablecoin with the company.

Bank of Thailand Is Open to Discuss Libra, Concerned Over Security

Adrian Zmudzinski

2019-07-20T17:14:00+01:00

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Facebook’s long-awaited stablecoin Libra could face a difficult roll out in Thailand due to the coin’s uncertain legal status in the country, according to an ex...

Expert: Facebook’s Libra Could Face Difficulties Entering Thai Market

2019-07-10T19:52:00+01:00

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The U.S. DoJ unveiled a complaint against an alleged bitcoin-funded investment scam, saying the perpetrator and company are charged with fraud and money launder...

US Authorities Seek Extradition of Alleged Crypto Scammer

2019-06-20T01:02:00+01:00

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Siam Commercial Bank, Thailand’s largest commercial bank, has denied it plans to start using Ripple’s XRP token.

Thailand’s Largest Commercial Bank Retracts Tweet Indicating Plans to Use Ripple’s XRP

2019-06-07T13:27:00+01:00

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