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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

Thailand’s central bank considers developing its own digital currency, claiming that it would reduce transaction and validation time and costs.

Thailand’s Central Bank Eyes Creating Its Own Digital Currency for Interbank Settlements

2018-06-07T23:24:00+01:00

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Bangkok Bank has become the latest institution to join a trade finance initiative from R3 and TradeIX.

Biggest Thai Bank Joins R3 Consortium’s Trade Finance Pact Marco Polo

2018-05-25T14:49:00+01:00

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The Mitsubishi Group has successfully completed a pilot sending money from Thailand to Singapore using Thai Krungsri bank’s blockchain tech.

Mitsubishi, MUFG Conduct Successful Pilot Payment With Major Thai Bank’s Blockchain

Molly Jane Zuckerman

2018-05-22T17:00:00+01:00

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The Thai Securities and Exchange Commission held a focus group today to discuss ICO regulations laid out in recently released crypto legislation.

Thai SEC Holds Focus Group to Clarify New Crypto, ICO Regulations

Molly Jane Zuckerman

2018-05-21T21:16:00+01:00

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Thailand introduced a regulatory framework on crypto, but no one knows how to proceed.

Thailand Introduced Legal Framework, But Players Don’t Know How to Comply

2018-05-17T05:45:00+01:00

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A legal framework for cryptocurrencies has come into effect by royal decree in Thailand, bringing them under the aegis of the country’s SEC.

Thailand: Legal Framework For Cryptocurrencies Comes Into Force

2018-05-14T12:01:00+01:00

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Thai SEC tech consultant admits the necessity of reconsidering the country’s digital asset tax framework introduced in late March.

Thai SEC Tech Consultant ‘Hopes’ Authorities Will Reconsider Digital Asset Tax For ICOs

2018-04-19T22:29:00+01:00

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Omise and its ETH scaling solution platform OmiseGO have entered into a collaborative fintech agreement with South Korea’s ShinhanCard.

Omise Signs Agreement With Major South Korean Banking Affiliate In Win For Adoption

Molly Jane Zuckerman

2018-04-06T18:56:00+01:00

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