Critics have called for an investigation by the country’s election commission into the postponement of Thailand’s proposed digital wallet initiative, which aims to pay out 10,000 baht ($274) to residents over the age of 16. According to the Bangkok Post, the deputy finance minister of Thailand, Julapun Amornvivat, revealed that
In order to safeguard investors, the Securities and Exchange Commission (SEC) of Thailand has announced new regulations for companies that offer services related to digital assets. In accordance with the new regulations, companies providing digital asset services must clearly communicate the dangers of investing in cryptocurrencies. A predefined message must
This month, under a regulatory sandbox, the Bank of Thailand will start a pilot project to test a central bank digital currency (CBDC) for use in retail transactions. Local media have reported that three payment processors would take part. Up to 10,000 participants will be a part of this August-long
The opposition leader in Thailand has pledged to give every citizen $300 (10,000 Thai Baht) in a cryptocurrency airdrop as part of his campaign for prime minister. Srettha Thavisin, who is running for the post in the upcoming May elections, has made this assertion. Thailand’s opposition party leaders have made
On Tuesday, the Thai government announced that it will exclude businesses that issue digital tokens for investment from paying corporate income tax and value-added tax. After easing tax laws for crypto trading last year, Thailand has taken yet another positive step toward the cryptocurrency sector. According to Reuters, on March
On Tuesday, the Securities and Exchange Commission (SEC) of Thailand made public new regulations. For the administration of digital wallets for custody of digital assets and keys. Since January 16th, the new rules have been in place. The Thai SEC detailed the requirements for companies offering digital asset custody services
Due to the FTX’s demise, another financial regulator stepped in. To safeguard its citizens’ savings, the Thailand Securities and Exchange Commission (SEC) is preparing to implement stricter rules on crypto assets in line with those of the international market. The SEC reportedly argued that authorities should take a more active
The Thai SEC had already issued punishment prior to these new court requests. The SEC has accused the trio of wash trading. Once again, the Thai Securities and Exchange Commission (SEC) is filing suit against leading exchange Bitkub and two people. After being found guilty of wash trading, the SEC
The Securities and Exchange Commission (SEC) of Thailand is launching additional procedures concerning the operations of crypto operators as the cryptocurrency industry develops. According to reports, the Thai SEC is aiming to limit or prevent crypto operators from providing digital asset depository services and from paying out profits on customers’
Kasikornbank and Bank of Ayudhya, two of Thailand’s largest banks, are backing Forward. Forward has partnered with NFT artist LUNGtiger to better understand blockchain technology. Forward, a Thailand-based Decentralized Finance (DeFi) company, has received $5 million in seed funding from venture capital platforms. It is backed by Kasikornbank and Bank
