Following the adoption of the country’s first cryptocurrency regulation, the central bank of Thailand is working on its own digital currency in collaboration with the country’s largest banks. Initially, the new currency will be used for interbank transfers; this phase is expected to be completely developed by the first quarter of next year. Also read: Yahoo! […]
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Banks all over the world will continue to oppose cryptocurrency service providers in every way possible. Although Thailand has not banned cryptocurrency, one of the country’s major banks has decided to close the bank account of a crypto exchange. Bangkok Bank is not making itself popular with this decision, especially because it issued no prior warning. Bangkok Bank Terminates TDAX Bank Account Even though most people outside of Thailand will have never heard of the Thai Digital Asset Exchange, it is the country’s second-largest cryptocurrency trading platform. Over the years, TDAX has gained a lot of attention and seemingly had a solid relationship with
Another major Thai bank is reportedly terminating transactions involving cryptocurrencies through the bank accounts of a local crypto exchange. This decision follows a similar move by another major Thai bank, Bangkok Bank, to terminate the same exchange’s bank accounts. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Second Bank Closes Account of Crypto […]
A major bank in Thailand has reportedly terminated the bank account of a local cryptocurrency exchange, following an announcement by the central bank prohibiting financial institutions from five cryptocurrency-related activities. Meanwhile, the Thai government is actively working on providing a legal framework for cryptocurrencies. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Bank […]
The Thai central bank has prohibited financial institutions in the country from five key cryptocurrency activities, including banning customers from buying cryptocurrencies with credit cards. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Banks Banned From 5 Crypto Activities The Bank of Thailand (BOT) issued a circular on Monday asking “financial institutions […]