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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

A new DeFi yield farming platform in Thailand has rattled regulators.

Thailand to target DeFi in latest regulatory clampdown

2021-06-01T06:10:20+01:00

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Thailand’s government aims to curb new crypto account creation with stringent KYC requirements.

Thailand to introduce in-person KYC for crypto exchanges

2021-05-03T04:57:00+01:00

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The new ASEAN Blockchain Consortium aims to engage with regulators to ensure compliance and raise industry awareness.

New ASEAN blockchain consortium targets cross-border cooperation

2021-04-23T10:12:31+01:00

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Kasikornbank has identified asset-backed DeFi as having the potential to create economic value for Thailand.

Major Thai bank experimenting with decentralized finance

Osato Avan-Nomayo

2021-04-12T12:14:50+01:00

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While crypto volumes surge on Thailand’s licensed exchanges, P2P platforms appear to be falling out of favor

Thai crypto adoption is booming, with volume up 588% since November

2021-04-05T06:24:33+01:00

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Thailand’s central bank is calling for public comments on its proposed plan to launch a sovereign digital currency within the next five years.

Bank of Thailand to begin central bank digital currency tests in 2022

Osato Avan-Nomayo

2021-04-02T11:37:38+01:00

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Secretary-general Ruenvadee Suwanmongkol said the commission will be offering a free training course for investors who have no experience trading in cryptocurre...

Thai SEC says investors should have crypto trading experience

2021-04-01T19:30:00+01:00

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Developed economies dominate the traffic rankings for the top DeFi protocols by TVL, with the U.S. and U.K. topping the charts.

Are emerging markets missing out on DeFi due to gas fees?

2021-03-25T04:24:07+00:00

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