THAILAND
Thailand's Commercial Bank SCB Terminates Deal to Acquire BitKub Crypto Exchange
Siam Commercial Bank (SCB), the oldest commercial banking institution in Thailand has announced the effective termination of its proposed deal to acquire the BitKub exchange.
Despite Zipmex Dilemma, Thai SEC Approved 4 New Digital Asset Operators
Even though one of Thailand’s leading digital asset exchanges, Zipmex, suffered from Celsius Network and Babel Finance’s financial woes, the Securities and Exchange Commission of Thailand has granted licenses to operate four other crypto companies in the country.
Thailand Plans to Amend Regulations Governing Crypto Assets
Thailand's crypto regulation is under scrutiny as the government plans to amend rules governing digital assets.
Thailand Exempts Crypto Transfers from VAT Payments until 2024
The Thai government has decided to exempt crypto transfers from value-added tax (VAT) payments until December 31, 2023, following a royal decree, the Bangkok Post reported.
Thailand to Ban Use of Digital Assets as Payment from April
Thailand's market regulator announced that the use of digit assets to pay for goods and services will be banned from April 1, according to a report from Reuters.
Thailand Considers Opening Crypto Payments for Russian and Ukrainian Tourists
Following Mastercard and Visa suspension of Russian credit cards abroad due to international sanctions imposed, Thailand, on the other hand, is looking at accepting crypto payments for transactions.
Thai Cafe Welcomes Traders to Offer Crypto Advice
A cafe in the northeastern of Thailand has become popular with cryptocurrency traders, this restaurant now welcomes people to offer advice to the industry.
Thailand's Market Watchdogs Suggest Crypto Regulation to Avoid Threatening Financial Stability
Regulators in Thailand, including The trio of the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and the Ministry of Finance (MOF), issued a joint statement on cryptocurrencies that threaten the local financial ecosystem.
Thai Firms Pour Money into Bitcoin as Crypto Ownership Expands
Major Thai companies are heavily investing money into Bitcoin as the number of people estimated to own cryptocurrency in the Southeast Asian nation surged over 400% in 2021 from the year before to 3.6 million, Nikkei Asia reported.
Thailand Sees PoW Mining Surge As China Ban Lingers On
As the popular saying goes, one man’s food is another man’s poison, the same can be said of crypto mining which is largely on the rise in Thailand amidst the persistent ban on related activities in China.
Thai Delays Testing Its Retail CBDC Until Late 2022
Thailand will be slow but prudent in testing its CBDC to ensure that it does not have problems with funder transfers and other payments.
Thai Central Bank Urges Less Engagement With Crypto, Other Sectors See Otherwise Instead
Due to the volatile nature and potential risks to the financial and payment stability of cryptocurrencies, the Bank of Thailand (BOT) has urged commercial banks to stay away from trading with digital assets.
Thailand Eyes Crypto Tourism to Increase GDP
Thailand could see a new phase in its tourism sector as it plans to target crypto digital nomads to increase its GDP.
Thai Bank SCB Acquires Local Crypto Exchange Bitkub for $536.7M
Thailand’s oldest bank Siam Commercial Bank Plc (SCB), has completed the acquisition by acquiring a majority stake of local cryptocurrency exchange Bitkub.
Thai Retail Giant to Introduce Crypto Coin for Its Shopping Malls
Thailand's biggest shopping centre developer, Central Retail Corp, is planning to introduce a digital currency among employees.