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The Bank of Thailand plans to open a public consultation on a proposed digital stablecoin that would require full 1:1 backing with Thai baht reserves. Baht-Pegged Stablecoin Framework The Bank of Thailand plans to introduce a stablecoin pegged to the national currency as part of an initiative to support financial innovation, central bank Governor Vitai … Read more
Thailand has expanded a probe into a transnational Chinese criminal network that used illegal crypto-mining to launder over $300 million annually from online scams and gambling. Rigs Seized and Power Stolen Thai authorities have expanded an investigation into illegal cryptocurrency mining networks allegedly run by Chinese financiers that laundered more than $300 million (10 billion … Read more
Thailand’s securities regulator is reportedly preparing to launch spot cryptocurrency ETFs with a new market‑making system designed to ensure liquidity and stable trading on the Stock Exchange of Thailand. Solving the Liquidity Puzzle Thailand’s Securities and Exchange Commission (SEC) has revealed plans to introduce a robust market-making system to support the upcoming launch of spot … Read more
The Bank of Thailand has reportedly moved to place tether ( USDT) under its monitoring framework as part of a broader campaign against grey money, after identifying that a large share of stablecoin activity on local platforms is linked to foreign participants, according to a Tuesday report by The Nation. According to The Nation‘s report … Read more
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