SEC of Thailand issues crypto custody provider rules
The Thai securities regulator now requires crypto custodians to have a contingency plan in case of occurrence of any unforeseen events. Go to Source Powered by WPeMatico
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Bank of Thailand to allow first virtual banks by 2025
By allowing virtual banks, Thailand seeks to boost competition and economic growth. Go to Source Powered by WPeMatico
Crypto exchange Zipmex probed by Thai SEC amid buyout
The cryptocurrency exchange is the subject of a probe by local monetary authorities in Thailand for a potential breach of local rules for digital asset service providers. Go to Source Powered by WPeMatico
BMW Partners With Coinweb to Develop Blockchain-Based Vehicle Financing Automation and Loyalty Program in Thailand
BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers of the automotive company adapted to compliance processes in Thailand. BMW to Introduce Blockchain to Its … Read more
Thai SEC to tighten up rules for crypto, focus on investor protection
Thailand’s chief regulator highlights the importance of tighter control over the cryptocurrency-related advertisements. Go to Source Powered by WPeMatico
Thai VC fund acquires troubled exchange Zipmex for $100M: Report
Zipmex reportedly plans to use crypto assets received from the acquisition to unlock frozen customer accounts on the platform by April 2023. Go to Source Powered by WPeMatico
4 Years After the 2017 Law Enforcement Takedown, Alphabay Is Once Again the King of Darknet Markets
Following the demise of the largest darknet marketplace (DNM) in mid-July 2017, the underground market Alphabay returned in August 2021, and during the last year, Alphabay has managed to once again regain its position as the world’s top DNM. Furthermore, Alphabay relentlessly conducted business amid a domino effect of DNMs folding last year and throughout … Read more
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better Understand Risks of … Read more
5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech
The pact between the two nations’ financial technology associations will see cooperation on technology, including blockchain, to power their respective financial industries. Go to Source Powered by WPeMatico
Thailand and Hungary Partner to Promote Blockchain Tech in Financial Sector
Industry associations from Hungary and Thailand plan to cooperate on implementing blockchain technologies in the financial services sector. The two sides hope to share experience and produce ideas for alternative services as part of their new partnership. Thailand and Hungary Announce Blockchain Pact During Bilateral Fintech Forum The Thai Fintech Association and Hungary’s Blockchain Coalition … Read more