Thailand Financial News
04.11 / 08:43
FIVE
Digital
Waters
Singapore Fintech Festival 2022: MAS MD Menon equates fintech transformation to Wu Xing
According to Menon, the Covid-19 pandemic, and subsequent lockdowns led to “an overdue cleansing of unsustainable business models, highly risky practices, and unviable use cases.” He continued to say that “the digital asset industry will emerge leaner and stronger.”
03.11 / 20:05
Crypto Exchange Zipmex 'On Track to Sign a Majority Buyout' Following Three Arrows Capital Contagion
The troubled Asian crypto exchange Zipmex is in “advanced talks” with one of its investors about a potential bailout for the company.
31.10 / 05:25
Technology
Adoption
5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech
The financial technology associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial sectors.
27.10 / 20:47
COST
Digital
Cooper
Platform
UAE Central Bank Completes First CBDC Payment Transaction
The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners included the Hong Kong Monetary Authority, the Bank of Thailand, and the Bank for International Settlements, the institution said in a statement.
27.10 / 13:07
cryptocurrency
Google
Advertising
Investment
ad
Google Hints Crypto Bear Market is Negatively Affecting Ad Revenue
Google saw advertiser pullback in financial services, including the cryptocurrency subcategory, according to the latest earnings call from Google’s parent company, Alphabet.
26.10 / 23:33
Adoption
wholesale
BIS releases full report on mBridge wholesale CBDC platform after successful pilot
The Bank for International Settlements (BIS) has released the full details of its mBridge pilot project to use central bank digital currencies (CBDCs) for foreign exchange. Commercial banks in four jurisdictions made cross-border transfers using CBDCs and distributed ledger (blockchain) technology in the project, which was heralded as a success.
26.10 / 17:39
Ethereum
Google
Bitcoin
ad
Google feels the bear market as crypto ad revenues slip since July
The latest earnings call from Google’s parent company, Alphabet, highlighted decreased search advertising spending from financial services and cryptocurrency subcategories.
21.10 / 14:37
Adoption
Gaming
Chainalysis
Vietnam Ranks 1st in Crypto Adoption, USA is 5th, China Back in Top 10 - Chainalysis
While emerging markets generally dominate the global adoption list, when it comes to the top 10 list, three developments stand out: Vietnam taking the crown again, the US climbing to fifth place, and China re-entering the list, according to the latest report by blockchain analysis company Chainalysis.
09.10 / 16:05
Climate change
Prayers held for children killed in Thailand preschool massacre
Prayers for the 37 people killed, including 23 children, at a preschool in northern Thailand were held this weekend.
07.10 / 04:43
cryptocurrency
Myanmar
To Hell and Back: Crypto hostages recount horrifying experience
Two months ago, Abdul (name changed) made the decision to leave India in search of a better life, just like millions of other Indians who do the same thing every year. Armed with a college degree, Abdul, who hails from Telangana, had tried his hand at a few jobs in India but found that the income was never enough.
05.10 / 06:37
business
Asia
Financial Services
Anchorage co-founder sees 'tons of opportunity' as it expands into Asia
Anchorage Digital co-founder and president Diogo Mónica believe there is immense opportunity in Asia’s institutional investors, with the digital asset infrastructure provider on Oct. 5 announcing a “major expansion” of its platform into the region.
29.09 / 11:03
Citi
Digital
Yuan
settlement
Cross-border
China Trials Cross-Border Settlement Involving Cenbank Digital Currencies
China has been testing its digital currency in major cities.
28.09 / 23:17
Digital
SEC
Thailand’s Bitkub in market regulator’s crosshairs, yet again
The Thai Securities and Exchange Commission has reprimanded Thailand’s leading crypto exchange Bitkub for the second time in a thirty-day timespan.
28.09 / 22:29
CBDC
Payments
regulation
Central Bank
Israel, Norway and Sweden's central banks partner with BIS to explore CBDC
The Bank for International Settlements, or BIS, has reported it will be partnering with the central banks of Israel, Norway and Sweden to explore international retail and remittance payments use cases for central bank digital currencies, or CBDCs.
28.09 / 19:19
28.09 / 18:35
Digital
Platform
HSBC
BIS concludes CBDC pilot program, here’s everything you need to know
The Bank for International Settlements (BIS) has announced the successful completion of the “first CBDC pilot,” as part of the second phase of Project Inthanon-LionRock.
28.09 / 13:27
Adoption
regulation
Crypto exchange Bitkub targeted by Thai SEC with wash trading claims
Thailand’s largest crypto exchange Bitkub has come under regulatory scrutiny from the country’s Securities and Exchange Commission (SEC) over falsifying and creating artificial trading volume on its platform.
28.09 / 09:45
Blockchain
Asia
BIS marks CBDC pilot as 'successful' with $22M transacted
A multi-jurisdictional Central Bank Digital Currency (CBDC) pilot has been marked “successful” by the Bank for International Settlements (BIS) after a month-long test phase that facilitated $22 million worth of real-value cross-border transactions.
23.09 / 18:09
NFT
NFTS
Asia
Can You Guess What the Top On-Ramp for Crypto is in Asia and Oceania? Here’s the Answer
Non-fungible tokens (NFTs) are the biggest on-ramp to the cryptocurrency market among countries in Central & South Asia and Oceania (CSOA) according to a new report.
22.09 / 05:53
Blockchain
Adoption
Asia
NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania — report
Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found.
19.09 / 22:37
CBDC
regulation
crypto framework
Framework
White House’s first crypto framework and missed opportunities — Law Decoded, Sept. 12-19
By the end of last week, the federal agencies presented the results of their six-month-long work on the principal directions for digital assets regulation in the United States. The resulting first-ever crypto framework, published on the White House website, may not contain many surprises or exact details, but, as a part of President Joe Biden’s executive order, it will undoubtedly affect the policymaking decisions to come.
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