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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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A human rights lawyer representing victims of an alleged cryptocurrency pyramid scheme in Thailand is taking their case to the country’s Department of Special I...

Thai Officials to Investigate Alleged Cryptocurrency Pyramid Scheme

2020-01-16T11:17:00+00:00

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Singaporean entrepreneur and ICO advisor Mark Cheng is reported to have been kidnapped in Thailand by close associates who wanted his Bitcoin holdings.

Singapore Crypto Consultant Kidnapped for $1 Million Ransom

Andrey Shevchenko

2020-01-14T14:21:00+00:00

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Thai Stellar-based blockchain startup Lightnet raised $31.2 million in a Series A funding round led by major financial conglomerates in South East Asia.

Thai Stellar-Based Startup Lightnet Raises $31M to Replace SWIFT

2020-01-10T20:55:00+00:00

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Major cryptocurrency exchange Binance has added support for Australian dollars and Thai baht.

Binance Crypto Exchange Adds Support for Australian Dollars and Thai Baht

Adrian Zmudzinski

2020-01-08T09:58:00+00:00

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Thailand, one of the most-visited countries in the world, will soon apply blockchain to its Electronic Visa On Arrival.

Thailand Integrates Blockchain to E-Visa System for Higher Security

2019-12-19T15:18:00+00:00

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Thai police have busted an alleged Bitcoin scam trading scheme in Bangkok, arresting 24 Chinese nationals and seizing hardware.

Thai Police Arrest 24 Chinese Nationals for Alleged Bitcoin Scam

2019-12-06T09:38:00+00:00

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The Excise Department in Thailand plans to change its current tax refund practice by introducing a blockchain-based tax payback system for oil exporters.

Thailand Introduces Blockchain-Based Tax Refunds for Oil Exporters

2019-11-25T22:48:00+00:00

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Thai regulator eyes tweaks to the country’s cryptocurrency regulations, which appeared in 2018 but have so far delivered just five certified businesses.

Thailand: Cryptocurrency Law Will Change in 2020 to Stay ‘Competitive’

2019-11-25T09:37:00+00:00

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