The Thailand International Digital Business & Finance Center (TIDC) has appointed Rushi Manche, co-founder of Movement Labs, and Tekin Salimi, founder of Dao5, as advisors to enhance the country’s blockchain technology and digital finance ecosystem. Wai Man Raymond Chu, Director of TIDC, confirmed the appointments in a recent announcement reported ...
Thailand is exploring the launch of its first locally listed Bitcoin exchange-traded fund (ETF) as it aims to establish itself as a digital asset hub in Asia, according to a report by local news outlet, The Edge Malaysia. Pornanong Budsaratragoon, Secretary-General of the Securities and Exchange Commission (SEC), reportedly revealed ...
Thailand's Provincial Electricity Authority (PEA) has closed a Bitcoin mining operation for illegally tampering with power meters to steal electricity worth hundreds of millions of baht. Collaborating with the Crime Suppression Division, the PEA raided a Phanat Nikhom, Chonburi facility, seizing 996 Bitcoin mining rigs. Authorities found that the operators ...
Binance is placing a strong emphasis on Thailand as part of its global efforts to drive mainstream adoption of digital assets, according to the company's Chief Marketing Officer, Rachel Conlan. In an interview with The Bangkok Post, Conlan highlighted Thailand as one of Binance's top 20 global markets, with an ...
Hong Kong's financial regulator, the Hong Kong Monetary Authority, has teamed up with the central banks of Thailand and Brazil to explore tokenization use cases in cross-border finance. In a press release on October 28, the HKMA announced that the collaborations would concentrate on creating use cases for tokenized assets ...
Thailand's cryptocurrency landscape is undergoing a significant transition as it pivots from retail to institutional investments, according to Nirun Fuwattananukul, CEO of Binance Thailand. In an opinion piece recently published by the Bangok Times, Fuwattananukul noted that this shift marks a step forward for Thailand's role in the digital asset ...
Binance Thailand has officially opened its doors to the public, offering a platform for digital asset exchange with Thai Baht and other local currencies. According to an official statement published on January 16, 2024, the new crypto exchange is collaborating with local banks and Binance Kazakhstan for brokerage services under ...
Thailand's second-largest bank, Kasikornbank (KBank), has completed the acquisition of a majority stake in the local cryptocurrency exchange Satang Pro. The deal, valued at 3.7 billion baht, approximately $103 million, was officially announced through the Stock Exchange of Thailand (SET). Thailand's second-largest bank, Kasikornbank (KBank), has completed the acquisition of ...
Thailand's Securities and Exchange Commission (SEC) has recently introduced updated regulations aimed at enhancing investor protection in the digital asset industry. These updated regulations focus on ensuring that investors are aware of the potential risks associated with trading cryptocurrencies. According to these updated rules, digital asset service providers must provide ...
Gulf Binance, a collaborative project between Binance and Gulf Innova, the innovation arm of Gulf Energy, has received regulatory approval from the Ministry of Finance in Thailand to operate as a digital asset provider. This regulatory approval enables Gulf Binance to establish and operate a cryptocurrency exchange under the supervision ...
