Bitkub’s CTO Samret Wajanasathian was penalized 8,530,383 baht (about $234,000). The announcement caused a 101% increase in the price of KUB. Enforcement procedures were taken by the Securities and Exchange Commission of Thailand. The action was taken against the chief technology officer of the cryptocurrency exchange Bitkub. This was for
The exchange needs to resolve issues with domestic watchdogs. It was the first bank in the region when it opened in 1904. Formerly known as Siam Commercial Bank, SCBX Pcl abandoned its plan to invest $500 million to acquire a 51% interest in the cryptocurrency asset business Bitkub. The bank
According to reports, Gulf Energy Development CEO Sarath Ratanavadi has pledged to diversify some of the firm’s income by investing in blockchain ecosystems. Despite the widespread market crash and the tough position taken by local watchdogs, the decision was made. Furthermore, as per estimates, Ratanavadi is Thailand’s second-wealthiest citizen. His
The SEC is soliciting input from affected Zipmex customers. Zipmex executives have said that they are prepared to comply with the regulator’s request. Zipmex, a Southeast Asian cryptocurrency exchange, suddenly blocked withdrawals, which affected many investors. The Securities and Exchange Commission of Thailand, on the other hand, has opened an
The Thai Securities and Exchanges Commission (SEC) announced to Shut down Huobi’s crypto services in Thailand. From July 1st 2022, Huobi will permanently close its crypto units as its license is canceled by the SEC. Earlier in May, The Thai SEC invalidated Huboi’s legal license. As the exchange failed to
SCB bank of Thailand enters into Sandbox Metaverse. Opens up its first headquarters in the Metaverse. The Bank in the Sandbox will be active from March 11, 2022. Thailand’s Siam Commercial Bank (SCB) is indeed one of the world’s oldest banks and Thailand’s oldest. Apart from that it indeed is
At $45,000, there’s a degree of resistance that might stop the current advance. Central banks would taper quantitative easing and boost interest rates. The price of Bitcoin (BTC) surpassed $40,000 for the first time in two weeks during the last several days. After reaching the most oversold levels since March
SEC Thailand sent a warning letter in April 2021. Billionaire Sarath Ratanavadi is the brains behind Gulf Energy. A deal has been reached between Binance, the world’s biggest cryptocurrency exchange, and a Thai billionaire’s company to build a digital asset exchange. Global operations of Binance are to be formalized by
The adoption of the crypto industry is soaring every day as youngsters are interested in cryptocurrencies. There have been many regulations on digital assets and crackdown of cryptocurrencies but still, the market hasn’t fallen down. Despite the fact that some nations have banned cryptocurrencies and issued warnings to investors, the
So far most of the crypto enthusiasts will for sure know that the Thailand Securities and Exchange Commissions (SEC) is one of the most feared upon next to the U.S SEC. Most of its rules and regulations are in parallel with that of the U.S SEC. In spite of this,
