News by results: Thailand

Hong Kong and Thailand Pilot DLT-Based Project for Cross-Border Payments

Hong Kong and Thailand’s central banks have stepped closer to implementing a joint central bank digital currency (CBDC) for cross-border payments.

Hong Kong and Thailand plan to release their digital currency project report by Q1 2020

The central banks of Hong Kong and Thailand have been researching digital currency use cases and are planning to release their joint research report by the first quarter of 2020.

Over 5 Million Merchants Throughout Thailand Now Accept Zcoin Payments

Privacy-focused cryptocurrency Zcoin is now available for spending in Thailand at any merchant registered with the Thai QR code system through Satang App.

SEC Commissioner Peirce says US is not sitting ‘idle’ over crypto regulations, but could learn from other countries

Hester Peirce, a commissioner at the Securities and Exchange Commission (SEC), has said that the U.S. has not been sitting “idle” toward finalizing cryptocurrency regulations, but could learn other countries’ initiatives in the space.

BoT more amenable but still leery of Libra landing

Bank of Thailand governor Veerathai Santiprabhob has toned down his hostility towards Facebook's digital currency plan, but he said prudent study of both the benefits and risks of the virtual coin is still needed.

Thailand’s oldest bank hints at new blockchain app powered by Ripple

Thailand‘s oldest bank, Siam Commerical Bank (SCM), has hinted it will be experimenting with blockchain technology powered by Ripple.

SEC readies for digital trade amendments

The revamped act provides a legal basis for a tokenisation platform, write Darana Chudasri and Pathom Sangwongwanich

Report: Thai SEC Approves Country’s First ICO Portal

Thailand’s securities regulator has approved the first initial coin offering (ICO) portal in the country, local daily news outlet the Bangkok Post reported on March 12.

Thai Petroleum Company Tests Blockchain Energy Trading Platform

Thai petroleum refining firm Bangchak Corporation Public Co. Limited (BCP) is testing a blockchain-based energy trading platform and commercial microgrid, distributed energy news site Microgrid Knowledge reports on March 7.

Thai SEC Bans Three Cryptocurrencies from ICO Investment, Trading Pairs

Thailand’s financial markets regulator has banned several cryptocurrencies as a means to invest in ICOs and as a base in trading pairs.

Thailand Green Lights Issuance and Trading of Blockchain Securities

The Thai government is moving to allow blockchain-based securities to be issued and traded in the country.

Alleged Bitcoin Mining Scam Reported in Thailand

Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18.

Two Remittance Firms Go Live With Ripple-Based Payments to Thailand

Remittance firms UAE Exchange and Unimoni have gone live with blockchain-based payments using Ripple technology.

Crypto Prices Rise as Thailand Stock Exchange Eyes Nationwide Digital Asset

Bitcoin and other major digital coin prices made small gains on Friday in Asia following news that Thailand ’s stock exchange is keen on developing a nationwide digital asset that would include a cryptocurrency exchange.

SET eyes digital licence

The Stock Exchange of Thailand (SET) plans to apply for a digital asset operating licence from the Finance Ministry, aiming to open a new exchange and become an authorised digital asset exchange this year.

Thai Ministry of Finance Gives Digital Asset Business Licenses to Four Firms

The Thai Ministry of Finance has issued digital asset business licenses to four crypto-related firms, according to a notice published by the country’s Securities and Exchange Commission (SEC) Jan. 8.

Thai National Tech Development Center to Introduce Blockchain in Voting

The National Electronics and Computer Technology Center (NECTEC) of Thailand has developed blockchain technology for e-voting, the Bangkok Post reports on Jan. 2.

Bank of Thailand Governor: No Central Bank Digital Currency Within 3-5 Years

Thai citizens will have to be patient in the wait for a retail central bank digital currency that will save them from carrying cash around.

More Crypto Exchanges Opening in Thailand, SEC Warns Approvals Needed

A growing number of companies are entering the cryptocurrency space in Thailand. However, they have not applied for approval from the Thai Securities and Exchange Commission (SEC), prompting the regulator to issue several warnings against unapproved operators.

Thai SEC Expects to Approve Country’s First ICO Portal This Month

Thailand’s Securities and Exchange Commission (SEC) has reportedly revealed that it expects to approve the country’s first portal for initial coin offerings (ICOs) this month, with ICO approvals to follow. According to the country’s crypto regulation, a portal’s role is to examine companies planning to launch an ICO.