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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

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As Thailand is set to confirm its first licensed cryptocurrency entity this month, an exchange operating without a licence has been condemned by regulators.

Thai SEC Urges Public to Avoid Unlicensed Crypto Exchange as Regulation Set to Take Effect

2018-11-14T11:45:00+00:00

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ICOs will soon debut in Thailand under formal legislation that regulates the entire cryptocurrency sector, says Thai SEC.

Thailand to Legitimize First ICO ‘Portal’ via New Regulation, Says SEC Head

2018-11-09T11:34:00+00:00

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The Deputy Prime Minister of Thailand has called for more regulation on cryptocurrencies, urging experts not to lag in developing new security practices.

Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies

2018-11-08T01:50:00+00:00

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Three Thai siblings accused of swindling $24 million worth of Bitcoin from a Finnish investor have recently pleaded “not guilty” in a Bangkok court.

Three Thai Siblings Accused of $24 Million Bitcoin Scam Plead ‘Not Guilty’

2018-11-07T12:21:00+00:00

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Revenue Department of Thailand to use blockchain and machine learning to tackle tax avoidance and fraud.

Thai Revenue Department to Track Tax Payments Using Blockchain

2018-11-06T12:18:00+00:00

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A U.S. household cleaning supplies manufacturer will open several recycling centers in Indonesia, granting tokens to citizens for plastic waste collection.

US Cleaning Supplies Firm To Open Blockchain Rewards-Based Recycling Centers in Indonesia

2018-10-29T07:47:00+00:00

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The Thai Securities and Exchange Commission has warned the public about investing in nine unapproved digital tokens and ICOs.

Thai SEC Warns Public About Investing in Nine Unregistered Tokens and ICOs

2018-10-27T02:10:00+01:00

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Accenture and a fintech subsidiary of Siam Commercial Bank have released a blockchain solution powered by R3’s Corda technology.

Accenture Works With Thailand’s Oldest Bank to Release Blockchain Supply Chain Tool

2018-10-18T15:53:00+01:00

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