Thailand

DeFi industry draws in commercial banks? Siam bets with $110M fund

While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the attention of major investors. For Siam Commercial Bank (SCB), DeFi is a major …

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Payments Provider Clear Junction Stops Processing Payments for Binance

<div class=”featured_image_container”> </div> <strong>On Monday, the global payments solutions provider Clear Junction announced it ceased processing transactions for Binance. The move by Clear Junction was brought on by the Financial Conduct Authority’s (FCA) recent warning, according to a blog post written about the decision.</strong> Clear Junction Ceases Processing Payments for Binance Citing the Recent FCA …

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Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks

<div class=”featured_image_container”> </div> <strong>Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment.</strong> The Bank of Thailand (BOT), the country’s central bank, issued a …

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Thailand’s central bank warns against using digital currencies for payments

The Bank of Thailand has issued a warning to crypto holders who use their digital assets as a medium of exchange, saying if these practices become widespread it may take strong regulatory measures. In a Thursday statement, the central bank said anyone who engaged in the trade of digital assets for goods and services, as …

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Crypto Cyberthreats Spike This Year With Russia Hit the Hardest, Report Reveals

<div class=”featured_image_container”> </div> <strong>Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. </strong> Booming Crypto Markets Bring Out Cybercriminals Despite the ongoing …

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Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges

<div class=”featured_image_container”> </div> <strong>The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges.</strong> Thailand Sets New Rules for Crypto Exchanges, Banning Certain Types of Cryptocurrencies The Thai …

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Thai SEC bans exchanges from handling certain token types including NFTs

Thailand’s Securities and Exchange Commission has approved guidelines prohibiting crypto exchanges in the country from supporting four different types of tokens in certain cases. In a Friday announcement from the Thai SEC, the regulatory body said that secretary-general Ruenvadee Suwanmongkol had approved crypto exchange guidelines, notification 18/2564 on “Rules, Conditions and Procedures for Undertaking Digital …

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New ASEAN blockchain consortium targets cross-border cooperation

Blockchain associations from Australia and five Southeast Asian nations are joining forces to promote blockchain development and education. Blockchain organizations from Australia, Singapore, Malaysia, Thailand, Indonesia and the Philippines signed a memorandum of understanding Thursday to promote blockchain collaboration in the Asia Pacific, Business Times reports. Initiated by Blockchain Association Singapore, or BAS, the MoU …

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Thai crypto adoption is booming, with volume up 588% since November

Crypto adoption appears to be booming in Thailand, with the local Securities and Exchange Commission, or SEC, estimating domestic crypto volumes have increased by nearly 600% since November. Data compiled by the Thai’s SEC and published by Bloomberg indicates combined volume across licensed Thai crypto exchanges increased from 574.5 million in November to $3.96 billion …

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