Thailand

Thailand Proposes Ban on Polymarket to Combat Illegal Gambling Risks

Thailand’s cybercrime authorities plan to propose banning Polymarket. The decentralized prediction marketplace facilitates betting on global events using cryptocurrencies. Authorities believe this may qualify as illegal online gambling under Thai law. At a press briefing on Tuesday, Thailand’s cybercrime investigation bureau emphasized the urgency of restricting Polymarket. Officials stated the

January 15, 2025 2 mins read

Thailand Plans to Approve First Bitcoin ETF to Boost Crypto Sector

The crypto industry has come a long way since the creation of Bitcoin. From being just a technological development to becoming its own fintech sector, the crypto industry gained attention from across the world. It is now on the way to become one of the significant parts of the global

January 15, 2025 2 mins read

Thailand Eyes Bitcoin Pilot with a Focus on Country’s Tourism Sector

Thaksin Shinawatra, Thailand’s former prime minister, suggested a Bitcoin pilot project in Phuket as a test field for the cryptocurrency with an eye on the tourist industry. The CEO of Binance Thailand thinks it’s a great idea and would help the nation compete and attract tech-savvy tourists, so he’s on

December 26, 2024 2 mins read

Binance Thailand CEO Highlights Shift to Institutional Crypto Focus

Thailand’s crypto landscape is seeing a significant transformation, moving from a retail-driven market to one focused on institutional investment, according to Binance Thailand CEO Nirun Fuwattananukul. In a recent opinion piece for the Bangkok Post, Fuwattananukul praised the latest regulatory proposal by Thailand’s Securities and Exchange Commission (SEC) as a “vital

October 25, 2024 2 mins read

Thai SEC Proposes New Regulations for Fund Investments in Crypto Assets

The Thai Securities and Exchange Commission (SEC) has proposed updating investment regulations to allow mutual and private funds to invest in crypto assets. This comes as the country sees growing interest in cryptocurrency, especially with more institutional players getting involved. The draft proposal released by the Thai SEC on Oct

October 10, 2024 2 mins read

China Extradites Architect of 100 Billion Yuan Crypto Scam

China’s efforts to clamp down on cryptocurrency-related crimes and enforce stricter regulations have taken a significant step forward. Zhang Moumou, the central figure in a vast crypto pyramid scheme, has been extradited to China from Thailand after an intense international search. This breakthrough marks the first time China has successfully

August 23, 2024 2 mins read

U.S Spot Bitcoin ETF Inflows Surge as Investors Capitalize on Market Dip

Thailand Enters the Bitcoin ETF Arena with ONEAM’s Approval

Thailand’s Securities and Exchange Commission (SEC) has given its nod to One Asset Management (ONEAM) to pioneer the launch of a Bitcoin exchange-traded fund (ETF) in the country. This development marks Thailand’s entry into the global trend of embracing cryptocurrency-based investment instruments. The ETF, dubbed the ONE Bitcoin ETF Fund

June 4, 2024 2 mins read

Thailand Cracks Down on Unlicensed Cryptocurrency Exchanges

In an effort to curb online crimes like money laundering, the Thai government will ban any cryptocurrency exchange that does not have the proper permission to operate within the nation. The Thai SEC will notify the Ministry of Digital Economy and Society of all unauthorized cryptocurrency exchanges in Thailand. Following

April 22, 2024 2 mins read

Zipmex Thailand Announces Trading Suspension Amid Regulatory Woes

Zipmex Thailand, has announced a complete shutdown of operations effective immediately. This quick action is in response to requirements imposed by the SEC of Thailand. The exchange informed its customers of the change via a Facebook post, stressing the need of maintaining compliance with applicable regulations. Notably, Zipmex Thailand has

November 26, 2023 2 mins read

Thailand-based K-Bank Acquires 97% Stake in Satang Crypto Exchange

Kasikorn Bank, popularly known as K-Bank, in Thailand announced that it has bought 97% of the parent business of Satang, a cryptocurrency exchange that has been active in the nation since 2017. Upon completion of the transaction, Satang will change its name to Orbix. Orbix Custodian, Orbix Invest (a digital

October 30, 2023 2 mins read