Thailand

Thai Remittance Platform Starts Processing Ripple Payments

A Bangkok-based remittance platform has become the first non-banking institution in Thailand to use Ripple’s blockchain tech to process international payments. Ripple said Wednesday DeeMoney is now using RippleNet to process transactions in a move aimed to cut costs. Launched in 2018, DeeMoney provides same-day settlement services for Thai bank accounts. The company turned to …

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Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney

Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia. As the first non-bank institution in Thailand to sign on to RippleNet, DeeMoney already processes inbound transfers using the blockchain network along remittance corridors in the Middle East and Gulf Regions, South Korea, Indonesia, Singapore and …

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Why Security Token Offerings Are a Big Yawn in Parts of Asia

Security token offerings (STO) were supposed to be the next big blockchain-based investment vehicle following the bursting of the initial coin offering (ICO) bubble of 2017. But there have been a number of reasons why this form of equity funding has not lived up to the hype of being a next-generation activity, including regulatory uncertainty …

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Silk Road Mentor’s Arrest Rekindles Tales of Rogue Agents and Pirate’s Treasure

</header> <strong>On January 30, the United States Attorney for the Southern District of New York (SDNY) revealed that Roger Clark, the alleged senior advisor to the Silk Road marketplace, pleaded guilty to conspiring to distribute massive quantities of narcotics. Clark, otherwise known as ‘Variety Jones,’ was a unique character within the Silk Road saga who …

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

</header> <strong>In this roundup, we cover an exceptionally busy week for crypto regulations around the globe. We start our coverage with t</strong><strong>he 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 …

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Thai Officials to Investigate Alleged Cryptocurrency Pyramid Scheme

A human rights lawyer representing victims of an alleged cryptocurrency pyramid scheme in Thailand is taking their case to the country’s Department of Special Investigation (DSI). The Bangkok Post reported on Jan. 16 that roughly 20 victims, whose losses are alleged to total 75 million baht (~$2.5 million), are seeking to go beyond the investigations …

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Binance Crypto Exchange Adds Support for Australian Dollars and Thai Baht

Major cryptocurrency exchange Binance added support for Australian dollars (AUD) and Thai baht. Binance announced support for the national currencies in separate releases on Jan. 7. Thai digital asset exchange Satang Corporation will process Thai baht transfers, while Australian dollar transfers will be facilitated by Banxa, a company specialized in internationally compliant fiat-to-crypto gateways.  Satang’s …

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Asia’s Love Affair With Blockchain Is Blossoming

</header> <strong>Far 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 …

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Jury sides with Elon Musk in “pedo guy” defamation case

Enlarge / Elon Musk leaves a Los Angeles federal court on Tuesday December 3, 2019. Apu Gomes/Getty Images A Los Angeles federal jury has found Elon Musk not liable for defamation in a lawsuit brought by British caver Vernon Unsworth. Musk dubbed Unsworth a “pedo guy” in a tweet last year, but argued in court …

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Musk takes the stand in first day of “pedo guy” trial

Enlarge / Elon Musk arrives at federal court in Los Angeles on Tuesday, Dec. 3, 2019. Patrick T. Fallon/Bloomberg via Getty Images Elon Musk has never been someone to back down from a fight. On Tuesday, Musk’s confrontational personality brought him to a Los Angeles federal courtroom to testify in a defamation lawsuit brought by …

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