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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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The main suspect in a Bitcoin fraud case in Thailand was detained at a Bangkok airport after being on the lam for 2 months.

Prime Suspect in $24 Million Bitcoin Scam Arrested in Thailand

2018-10-12T21:58:00+01:00

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The Foreign Ministry of Thailand has invalidated the passport of an alleged Bitcoin scammer, rendering him unable to return to his home country for prosecution.

Suspect in Thai Bitcoin Scam Unable to Return to Thailand Due to Passport Revocation

2018-10-11T01:11:00+01:00

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Thai officials will conduct blockchain feasibility studies, aiming to apply the technology for digital IDs, smart contracts, and even rice export.

Thai Ministry of Commerce Explores Blockchain Solutions for Copyright, Agriculture, Finance

2018-10-09T13:49:00+01:00

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Successful trials show blockchain could cut red tape and boost the secondary market.

Government Bonds: How Blockchain Can Beat the Red Tape

2018-10-03T10:18:00+01:00

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Thailand’s fourth largest bank, Kasikornbank, will join Visa’s blockchain-based B2B solution for international payments.

Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments

2018-09-24T21:02:00+01:00

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Thailand’s local AML regulator wants to change the law in order to be able to confiscate digital assets along with physical ones.

Thai Money Laundering Watchdog Looks to Tackle Crypto-Related Crimes

2018-09-03T20:35:00+01:00

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The Bank of Thailand has revealed a major collaborative project to develop a wholesale Central Bank Digital Currency using R3’s Corda platform.

Bank of Thailand Announces 'Milestone' Digital Currency Project Using R3 Corda Platform

2018-08-22T12:44:00+01:00

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A total of nine cryptocurrency operators have either received or are in the process of receiving regulatory approval in Thailand.

Thai SEC Clears Seven Cryptocurrency Operators to Serve Clients, Reviews Two More

2018-08-16T11:53:00+01:00

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