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Thailand has ordered World, the biometric ID project backed by Sam Altman, to halt all iris-scanning operations and erase 1.2 million biometric records following violations of the country’s data protection law. Thailand’s Personal Data Protection Committee issued the directive on Nov. 24, saying World failed to secure proper consent and posed heightened risks by storing … Read more
Thai crypto exchange Bitkub is reported to consider an IPO in Hong Kong that could raise roughly $200 million. Bloomberg reports on November 24, 2025 that Bangkok‑based Bitkub, founded in 2018, is considering an initial public offering in Hong Kong as early as next year to raise about $200 million, after previously weighing a Thailand … Read more
The Thai Royal Police and U.S. Secret Service seized $12 million in USDT linked to a Southeast Asia scam network, arresting 73 suspects and confiscating assets worth $15.67 million. Tether’s Role in Tracing and Freezing Funds The Thai Royal Police and the U.S. Secret Service recently executed a successful collaborative operation that resulted in the … Read more
Mahidol University’s Faculty of Engineering has signed a triparty Memorandum of Understanding with ZERO13 and Unique Transformation Co., Ltd. to accelerate the development of Thailand’s carbon credit ecosystem, strengthening education, research, technology and market access. The five‑year collaboration will pilot projects, deliver training and joint research, and conduct biannual reviews to build a transparent, high‑integrity … Read more
Authorities at the Bank of Thailand warned that more bank accounts could be frozen in the next few days as part of the institution’s campaign to curb online scams and recover victims’ funds. The bank has already frozen millions of accounts linked to those crimes. Bank of Thailand Acknowledges More Accounts Might Be Frozen in … Read more
The Central Bank of Thailand intensified its fight against online scams by freezing over 3 million accounts linked to illicit activity. Nonetheless, thousands say they were affected by the measure despite not being involved in the scams. Central Bank of Thailand Acts Against Online Scams, Freezes Millions of Accounts Thailand, a nation plagued by thousands … Read more
Thailand is rolling out a landmark crypto-to-baht conversion system for tourists, fusing digital asset regulation with e-money infrastructure to energize spending and boost tourism. Thailand Introduces Controlled Crypto Conversion for Boosting Travel Economy The Securities and Exchange Commission (SEC) of Thailand, in collaboration with the Ministry of Finance, the Anti-Money Laundering Office (AMLO), and the … Read more
The Thai government is launching a new initiative called “Touristdigipay” on Aug.18, to boost its tourism sector. The scheme allows foreign tourists to convert their cryptocurrencies into Thai Baht to use for payments. The program is a direct response to a decline in tourism, particularly from China. To participate, visitors must open an account with … Read more
Thailand’s Securities and Exchange Commission (SEC) has taken action against five unauthorized digital asset trading platforms: Bybit.com, 1000x.live, Coinex, OKX, and XT.COM. The SEC has filed charges with the Economic Crime Suppression Division (ECD) for operating without the necessary licenses under Thailand’s Digital Asset Business Act. To protect investors and combat money laundering, the SEC … Read more
Thailand is weighing a potential leap into regulated crypto services and blockchain bond tokens, signaling growing openness to digital finance while maintaining strict oversight safeguards. Thailand Weighs Crypto-Linked Services Under Tight Controls Thailand may explore ways to link cryptocurrency with certain services under strict oversight, Finance Minister Pichai Chunhavajira stated during an investment seminar on … Read more
