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
The risk warning, according to the Thailand SEC, must be both clear and prominent. The Thailand SEC said that promotion must be conducted via authorized means only. The Thailand SEC has lately reexamined advertising regulations and imposed certain new guidelines, including a mandate for companies to inform consumers of investing
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
