As more governments are focusing on crypto regulation, scrutiny over existing crypto firms is also increasing. The Thailand SEC has decided to block multiple exchanges from operating in the country for violating its laws. Among them, Bybit and OKX are the top exchanges, the former being the second-largest crypto exchange
Thailand is rolling out a new plan that will let foreign tourists spend cryptocurrencies during their stay—without putting pressure on the Thai baht. The move, announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira at the “Dailynews Talk 2025” seminar on May 26, marks a strategic shift to make
The crypto exchange KuCoin, based in Seychelles, launched its Thailand operations officially as part of its Southeast Asian market expansion plan. KuCoin Thailand began its operations in the Thai market on April 23 through the former ERX Company Limited. The company now operates under KuCoin Thailand after receiving its crypto
Even though the crypto market is down for the moment, its adoption is ever-growing. With the pro-crypto environment in the US, crypto regulation is also moving forward across various global countries. Recently, Thailand’s SEC announced two major stablecoins USDT and USDC as official cryptocurrencies. As per the Thailand Business News
Thai police collaborated with Chinese authorities to freeze $2.5 million in Tether (USDT) linked to a high-profile scam operation. The suspects, two Chinese nationals, Ye Wanyou, 29, and Li Weijie, 30, were arrested on February 5 at a Bangkok residence. These two are reportedly said to have attempted to erase
Thailand Strengthens Blockchain Thailand is making strong moves to become a leader in digital finance. The country is strengthening its blockchain strategy with top experts. The Thailand International Digital Business and Financial Center (TIDC) has appointed two advisors. They are Tekin Salimi and Rushi Manche. Their role is to bolster
The Securities and Exchange Commission (SEC) of Thailand plans to launch a distributed ledger technology (DLT)-based platform for trading tokenized securities. This move aims to enhance capital market efficiency and attract more investors. According to the Bangkok Post, the platform will allow securities firms to trade digital tokens, capitalizing on
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
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
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
