Category: Thailand

Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies

Regulatory Roundup: New US Crypto Tax Bill, Central Banks Join Forces on Digital CurrenciesIn this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with the U.S. Virtual Currency Tax Fairness Act of 2020, actions by the SEC, Ripple’s lawsuit, India’s supreme court hearings, Australia green-lighting a bitcoin retail fund, Thailand approving a new crypto exchange, and new crypto guidelines […]

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Asia’s Love Affair With Blockchain Is Blossoming

Asia’s Love Affair With Blockchain Is BlossomingFar away from western eyes, Asian blockchain projects are thriving. A vibrant ecosystem of public and permissioned chains has sprung to life in Asia, aided by government and big business endorsement of distributed ledger technology (DLT). Many of these chains are virtually unknown outside of the region, yet enjoy high profile partnerships and endorsements in […]

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Video Shows $10M Chinese Bitcoin Mining Farm in Flames

Circulating Video Shows $10M Chinese Bitcoin Mining Farm in FlamesDuring the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs were destroyed. Also Read: Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money […]

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At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows

More Than 18 Central Banks Give Way to Monetary Easing As Economy SlowsIn a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession. Also Read: Money and Democracy: Why […]

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PR: Hashcube Announces Bitcoin Mining Investment Forum in Thailand

PR: Hashcube Announces Bitcoin Mining Investment Forum in ThailandHashcube, a Korean Bitcoin miner retail and mining company, is proud to present Thailand’s first ever bitcoin mining investment forum on 21st September at the Amari Watergate Bangkok.

Together with large players from the crypto-industry such as Bitkub, BTC.com, Coolbitx and Cryptomind, we’re hosting an event where top industry leaders will be discussing the current landscape and sharing inside knowledge of profitable crypto investment and top solutions to building your crypto portfolio.

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Central Banks Worldwide Testing Their Own Digital Currencies

Central Banks Worldwide Testing Their Own Digital CurrenciesCentral banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also […]

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Thailand Approves 4 New Cryptocurrency Service Providers

Thailand Approves 4 New Cryptocurrency Service ProvidersThe Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses. Also read: G20 […]

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There’s 100 Unclaimed Bitcoin Cash Wallets Hidden Worldwide

There's a Hundred Unclaimed Bitcoin Cash Wallets Hidden WorldwideOver the last few months, the geocaching treasure hunt Findbitcoin.cash has gathered a bunch of new hidden BCH treasures. At the time of publication, there are approximately 105 concealed bitcoin cash wallets hidden all over the world with a large portion of these funds hidden in the U.S. and Australia. Also read: Bitcoin.com’s Local Bitcoin […]

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Bitcoiners’ Seastead in Deep Trouble With Thai Government

Bitcoiners’ Seastead in Deep Trouble With Thai GovernmentA seastead launched by an early bitcoin adopter off the coast of Thailand has run into trouble with local government. The Thai Navy boarded the structure Saturday, claiming it violates criminal law, which is punishable by death or life imprisonment. The owner claims that his floating home is located outside of Thailand’s maritime boundaries. Also […]

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Thailand Approves Country’s First ICO Portal

Thailand Approves Country's First ICO PortalThailand’s Securities and Exchange Commission (SEC) has reportedly approved the country’s first portal for initial coin offerings (ICOs). The main purposes of these portals are to screen tokens, perform due diligence, ensure project consistency with its whitepaper, and verify the know-your-customer process. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval First […]

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Bitcoin Early Adopters Build Seasteading Home off the Coast of Thailand

Bitcoin Early Adopters Build Seasteading Home off the Coast of ThailandInterest in cryptocurrency is often interlinked with a passion for personal freedom and a desire to shape the future for the better. A recent example of this is a team of Bitcoin early adopters who are building a seasteading home off the coast of Thailand. Also Read: In the Daily: Binance Trading Competition, Bitdeer BCH […]

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Thailand Now Has 4 Approved Cryptocurrencies

Thailand Now Has 4 Approved CryptocurrenciesThe Thai Securities and Exchange Commission (SEC) has announced a list of four approved cryptocurrencies for use as base trading pairs in the country. The regulator reportedly took into account factors such as sufficient market liquidity and a well-designed decentralized system. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval 4 Cryptocurrencies […]

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Thailand Greenlights Japanese Exchange to Operate 4 Crypto Businesses

Thailand Greenlights Japanese Exchange to Operate 4 Cryptocurrency BusinessesThe Thai government has issued four licenses to a new crypto exchange. Prior to this, only existing exchanges that were in business before the country’s crypto regulation took effect were approved. The first licensed new exchange in Thailand is a subsidiary of a regulated Japanese exchange, Bitpoint. Also read: SEC Chair Explains Key Upgrades Needed […]

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Survey Ranks South Africa Top for Cryptocurrency Ownership

Survey Ranks South Africa Top for Crypto OwnershipSouth Africa has been ranked as the top country for ownership of cryptocurrency, according to a global survey by social media management company Hootsuite and global agency Wearesocial. The survey found that 10.7 percent of internet users in the country own cryptocurrency. Thailand is second, with 9.9 percent of mobile users owning cryptocurrency and Indonesia […]

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Stock Exchange of Thailand Unveils Plan to Enter the Crypto Space

Stock Exchange of Thailand Unveils Plans to Enter the Crypto SpaceThe Stock Exchange of Thailand is reportedly planning to launch a cryptocurrency exchange. The securities companies that are members of the exchange will also apply for cryptocurrency broker-dealer licenses with the country’s regulator. Thailand currently has three licensed crypto exchanges. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations SET Planning to […]

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Thai Crypto Exchange Determined to Stay Open After SEC Orders Shutdown

Thai Cryptocurrency Exchange Determined to Stay Open After SEC Orders ShutdownThe Thai Ministry of Finance has rejected the last cryptocurrency exchange application it had been reviewing. The exchange, which has been ordered to close down business and return customer funds, is determined to stay operational. “Shutting down is not an option for us,” its chief strategy officer reportedly said. Also read: Indian Supreme Court Moves Crypto […]

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Thai Startup Atomicpay Launches Non-Custodial Crypto Payment Platform

Thai Startup Atomicpay Launches Non-Custodial Crypto Payment PlatformAtomicpay, a Thai-registered payments startup, has officially launched its non-custodial cryptocurrency payment terminal for merchants throughout the world. Founder and developer Benz Rif said the platform, which supports BTC, BCH, LTC and other cryptos, eliminates the involvement of a third-party processor, allowing merchants to accept payments directly from their customers. Also read: Mongolia’s Cheap Electricity Draws […]

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Thailand Issues 4 Cryptocurrency Licenses, Rejects 2 Exchanges

Thailand Issues 4 Cryptocurrency Licenses, Rejects 2 ExchangesThailand has officially granted licenses to three cryptocurrency exchanges and one broker-dealer. Two exchanges have been rejected and one is still being reviewed. These seven companies have been temporarily allowed to operate in the country. Two of them will now begin closing down their businesses. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for […]

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Thai SEC Plans to Relax ICO Regulations

Thai SEC to Relax ICO RegulationThe Thai Securities and Exchange Commission (SEC) is reportedly planning to ease the country’s regulation for initial coin offerings. The regulator is conducting a public hearing to relax rules on pre-sales and private token sales. The commission has also unveiled plans to prevent the exploitation of token sales. Also read: Indian Supreme Court Moves Crypto Hearing, […]

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P2P Markets Report: Dumping Drives Record Volume Across Latin America and Asia

P2P Markets Report: Dumping Drives Record Volume Across Latin America and AsiaThe heavy selling pressure that has dominated the cryptocurrency markets in recent weeks has coincided with a surge in peer-to-peer (P2P) trade volume across the Localbitcoins markets in Asia and South America. Globally, higher trade activity over the past two weeks has also driven the strongest volume since September 2017, with roughly 12,116 BTC changing […]

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Thai SEC Explains Two Laws Could Apply to Crypto Securities

Thai SEC Explains Two Laws Could Apply to Crypto SecuritiesThailand’s Securities and Exchange Commission (SEC) has reportedly clarified how existing laws can apply to crypto securities. In addition, Thai companies planning to issue securities tokens abroad would be guilty of wrongdoing under the Digital Asset Act for avoiding regulated fundraising channels. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Applicable […]

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