Thailand Financial News

18.04 / 19:23

business Binance partnership Joint Venture Gulf Energy pursues joint venture with Binance, invests in BNB

Thailand-based Gulf Energy has made strategic investments in cryptocurrency exchange Binance US and signaled its pursuit of a joint venture with the global Binance exchange as part of a targeted effort to gain exposure to the digital asset market.

14.04 / 16:51

cryptocurrency proof-of-work Wikipedia Bitcoin After Mozilla Abandoned PoW Cryptos Citing Energy Concerns, Wikipedia May Follow

Energy consumption of Proof-of-Work (PoW) cryptoassets has once again become a hot topic as companies start ditching cryptos that use this energy-intensive mechanism for validating transactions and creating new tokens.

05.04 / 05:51

Government Stablecoin Adoption Tether More than three-quarters of central banks considering a CBDC: research

More than 80% of central banks are interested in launching a Central Bank Digital Currency (CBDC) or have already done so according to research conducted by accounting firm PwC.

31.03 / 14:27

Blockchain Provident Digital Crypto POS device Wanda Exchange connects traditional finance with digital currencies

The banking industry has changed dramatically by creating a self-service culture with the ATM. The ATM gave people a solution to put their funds to use. The most common cases included impromptu purchases, executing bank transfers, spending more money on recreational activities and withdrawing cash outside of banking hours. The result was an improved consumer experience that made a complex set of transactions more accessible.

29.03 / 04:21

Law Law Decoded: Crypto taxes and taxes on crypto, March 21–28.

It was relatively quiet in the digital asset policy department last week, as regulators and lawmakers in most key jurisdictions retreated to their offices to do the necessary homework. In the U.S., federal agencies got on with the various reports that President Joe Biden’s recent executive orders directed them to produce. Over in the United Kingdom, both the central bank and the Financial Conduct Authority also dropped position papers on crypto-related issues. After thorough deliberation, Thailand’s financial authorities spoke out against using crypto as a means of payment, while rumors of potential legal tender adoption of crypto emerged and died in Honduras.

25.03 / 20:53

Blockchain Google Bitcoin Satoshi Island, Thailand vs. Crypto, NFT Fraud + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

25.03 / 04:25

Bitcoin news crypto news digital assets crypto ban Thailand to ban use of digital assets as payments from April

digital assets from being used to pay for goods and services from April 1, the market regulator said on Wednesday. The move was in line with earlier discussions between the Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT) on a need to regulate such activity by digital asset business operators as it could impact the country's financial stability and overall economy, the SEC said in a statement. Digital asset business operators that provide such services must comply with the new rules within 30 days from the effective date, it said.

24.03 / 17:23

Adoption Bitcoin Malaysian deputy finance minister responds to proposal to legalize Bitcoin

An official at the Ministry of Finance of Malaysia reportedly opposed the idea of adopting cryptocurrencies like Bitcoin (BTC) as a payment method following recent crypto-friendly proposals by the deputy communications minister.

24.03 / 04:45

cryptocurrency Digital SEC Thailand To Ban Use Of Digital Assets As Payments From April

The Bank of Thailand has said repeatedly that it does not support cryptocurrencies as payments.

23.03 / 14:35

cryptocurrency Adoption Ban Bitcoin Crypto Banned as a Payment Method in Thailand, Trading Intact

Thailand has banned the use of cryptocurrencies as a means of payment for goods and services in the country, saying that their use could threaten financial stability and the national economy.

23.03 / 13:49

Provident Reuters Digital SEC Thailand to Ban Use of Digital Assets as Payment from April

Thailand’s market regulator announced that the use of digit assets to pay for goods and services would be banned from April 1, according to a report from Reuters.

23.03 / 12:51

markets ECB Bitcoin Bitcoin Price Weekly Bitcoin dips 3.6% from weekly highs — What are the key BTC price levels to watch?

Bitcoin (BTC) threatened a significant retracement overnight into March 23 as weekly highs saw their first test.

23.03 / 12:35

MET Digital Southern Thailand: One of Asia’s biggest adopters now barred from using crypto as payment

Within the Asian market, the crypto market grew drastically and showcased a unique insight. In just a year, the market saw a 706% increase. Thus, it represented 14% of all crypto transactions around the world, and Thailand, indeed, made headlines.

23.03 / 11:45

regulation SEC Ban Thailand SEC Thailand SEC bans crypto payments, seeks disclosure of system failure from exchanges

In an ongoing effort to carve out a regulated crypto market for the general public, the Thailand Securities and Exchange Commission (SEC) announced a ban on the use of cryptocurrencies for payments. Parallelly, the Commission proposed a new rule that demands disclosure of service quality and IT usage information from crypto businesses including brokers, exchanges and dealers.

22.03 / 16:19

Aware Fighting MetaBunny NFT gaining traction in Thailand

Capturing all the hype from Thailand, a number of popular Thai influencers have shared their keen interests in the MetaBunny NFT project.

16.03 / 15:55

Sport Bitcoin Bitcoin runs the world: Traveling to 40 countries in 400 days with BTC

A fast-moving Bitcoiner has run through 7 of 40 countries on his Bitcoin-powered marathon around the world.

14.03 / 22:33

Bitcoin Deal Here’s how Asian countries deal with crypto sanctions against Russia

Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation.

10.03 / 05:29

cryptocurrency crypto news cryptocurrency news US charges two siblings in $124 million cryptocurrency fraud

cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital token known as Ormeus Coin. In papers filed in Manhattan federal court, the Justice Department said John Barksdale lied about the value and profitability of Ormeus Coin's mining assets, including that the coin was backed by a $250 million mining operation generating more than $5 million of monthly revenue. Barksdale and his sister JonAtina Barksdale were separately charged by the Securities and Exchange Commission with conducting fraudulent unregistered offerings of Ormeus Coin.

09.03 / 09:05

cryptocurrency Digital Bitcoin Thailand Clears Relaxed Tax Rules For Digital Assets

Bitcoin is the most popular cryptocurrency in Thailand.

09.03 / 06:39

business regulation SEC Fraud Siblings charged over mining coin that turned into alleged $124M fraud

A pair of siblings is now in very hot water with the U.S. government with criminal charges filed against them for allegedly committing fraud in the Ormeus Coin scheme.

08.03 / 19:43

Binance ETF MasterCard Bitcoin New USD 560M Crypto Fund, Binance CEO Eyed Abramovich’s Chelsea, Visa & Mastercard Fees + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____

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