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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

Visa is continuing to extend its integration with regulated crypto companies worldwide.

Digital asset platform Zipmex partners with Visa in Asia-Pacific

2021-08-06T11:46:27+01:00

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Arak Sutivong believes DeFi requires a framework for long-term and sustainable interactions with traditional finance.

DeFi, by definition, cannot be fully regulated, Siam Commercial Bank president says

2021-07-26T11:18:46+01:00

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Thailand’s oldest bank sees blockchain and DeFi as the future of global finance and is seeking to invest in the emerging digital landscape.

DeFi industry draws in commercial banks? Siam bets with $110M fund

Osato Avan-Nomayo

2021-07-24T11:07:00+01:00

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The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose "extensive risks to the general pu...

Thailand's central bank warns against using digital currencies for payments

2021-07-08T17:20:00+01:00

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A Thai firm claims that Bithumb’s Hong Kong subsidiaries caused it serious damage by unilaterally halting its business in Thailand.

Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner

2021-07-06T13:26:51+01:00

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Thai SEC and the Cayman Islands Monetary Authority are the latest regulators to join the global scrutiny against Binance.

Thai SEC and Cayman Islands regulator take action on Binance

2021-07-02T09:29:35+01:00

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Thai companies and millionaires have funded the firm which aims to bridge traditional and digital finance.

Thailand’s XSpring Capital raises $225M to build integrated financial marketplace

2021-06-17T05:22:03+01:00

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Local exchanges now have until July 11 to update their rules for listing tokens in order to be in compliance with SEC guidelines.

Thai SEC bans exchanges from handling certain token types including NFTs

2021-06-11T22:20:00+01:00

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