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Vizag Fintech Festival • October 22-26, 2018

The Vizag Fintech Festival 2018 is poised to be the nation’s largest Financial Technology event. The week-long event will take place from…

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Tag: Thailand

Thai Energy Authorities Take Stand against Tokenized Solar Energy Platforms

Category: Altcoins, Blockchain, Business, Finance, News, Regulation

Thai Energy Authorities Take Stand against Tokenized Solar Energy Platforms

Commodifying the intangible and making it available to the private sector is essentially what blockchain technology has promised since 2008. A primary use case, among a froth of many, has been the buying and selling of tokenized energy between non-governmental parties. In Thailand, however, federal energy authorities are taking a stand for intermediaries according to September 6, 2018, reports. From…

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Finnish Bitcoin Scam Victim Withdraws Case against Thai Fraudsters

Category: Bitcoin, Crime, News, Regulation

Finnish Bitcoin Scam Victim Withdraws Case against Thai Fraudsters

Aarni Otava Saarimaa, a 22-year old Finnish national who fell victim to a bitcoin scam scheme organized by Thai fraudsters in June last year, has reached a “satisfactory” agreement with the criminals and has requested a withdrawal of the case, as first reported by Bangkok Post on September 4, 2018. Complaint Withdrawn According to the report, Saarimaa, a Finnish investor…

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Thailand’s Anti Money Laundering Office Set to Create Own Cryptocurrency Wallet for Confiscating Ill-Gotten Cryptoassets

Category: Altcoins, Bitcoin, Blockchain, Business, Development, Exchange, Finance, News

Thailand’s Anti Money Laundering Office Set to Create Own Cryptocurrency Wallet for Confiscating Ill-Gotten Cryptoassets

In a bid to fight crypto-linked money laundering activities by bad actors in Thailand, the nation’s Anti-Money Laundering Office (AMLO) has said it would create a cryptocurrency wallet to enable it to seize digital currencies from cyberpunks convicted of DLT-based virtual currency-related crimes, as first reported by local news source, The Nation on September 3, 2018. AMLO Bitcoin Wallet? According…

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Proactive Cryptocurrency Regulation: The Thai Example

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

Proactive Cryptocurrency Regulation: The Thai Example

Amid unprecedented regulatory ambiguity regarding the future of cryptocurrency legislation in the United States, an unlikely example of what is possible with effective regulation is unfolding in an unlikely place. According to a September 1, 2018, report, Thailand, which is best known for being Southeast Asia’s tourism hub is busily laying out a comprehensive regulation regime and even planning its…

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Thailand: Police Crush Bitcoin Scam Worth Over $30 Million, Local Celebrities Involved

Category: Altcoins, Bitcoin, Investment, News, Regulation

Thailand: Police Crush Bitcoin Scam Worth Over $30 Million, Local Celebrities Involved

The Crime Suppression Division (CSD) of the Thai police have clamped down on a group of fraudsters who orchestrated a Bitcoin scam scheme that succeeded in swindling Aarmi Otava Saarimaa, a 22-year old Finnish national, of over 5,000 bitcoins, as first reported by the Bangkok Post on August 13, 2018. Smooth Crypto Criminal According to a Bangkok Post report, Aarni…

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Everex partners with Myanmar’s Shwe Bank to Provide Migrants with Blockchain-Based Remittance Services

Category: Blockchain, Business, Finance, News, Regulation

Everex partners with Myanmar’s Shwe Bank to Provide Migrants with Blockchain-Based Remittance Services

On July 31, 2018, Everex and Myanmar’s Shwe Bank announced a partnership to provide a blockchain-based solution to migrants. The deal will pave the way for the introduction of a blockchain-based remittance service that will allow migrants from Myanmar and Thailand to access cheaper remittance services. Remittance Market Overhaul This partnership is poised to introduce a cheaper remittance service to…

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Thailand Announces State-Backed “Bond Coin” to Facilitate Faster Security Settlements and Clearance

Category: Blockchain, Finance, News

Thailand Announces State-Backed “Bond Coin” to Facilitate Faster Security Settlements and Clearance

The Thailand government is swiftly taking steps to adopt and implement cryptocurrencies and blockchain technology within its administration. Local reports on July 16, 2018 confirmed that a prominent securities body in Thailand is developing a digital token to facilitate settlement clearing of corporate bonds. Bond Coin to Streamline Current Processes According to The Bangkok Post, the Thai Bond Market Association…

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Thailand SEC: Cryptocurrency and ICO Regulation Takes Effect from July 2018

Category: Adoption, Altcoins, Bitcoin, Business, Development, News, Regulation

Thailand SEC: Cryptocurrency and ICO Regulation Takes Effect from July 2018

For several months, the Thai government has been hard at work formulating amenable laws for its cryptospace. In what seems like a flawless victory for cryptocurrency investors in the country, authorities have now officially confirmed that the previously stated ICO regulation takes effect on July 16, 2018. ICOs to be Thoroughly Screened According to the Thai SEC statement, there will…

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Thailand Traditional Securities Firms Catches Bitcoin Fever, Set to Launch Joint Cryptocurrency Exchange

Category: Altcoins, Bitcoin, Blockchain, Business, Ethereum, News, Tech

Thailand Traditional Securities Firms Catches Bitcoin Fever, Set to Launch Joint Cryptocurrency Exchange

Even with the present crypto market slump, positive vibes are still emanating from the global cryptosphere. In the latest development, financial firms registered with Thailand’s Association of Securities Companies (ASCO) are looking to create a jointly-owned digital currency exchange. Joining the Crypto Bandwagon According to a Bangkok Post report on July 2, 2018, quite many companies in the Thai finance sector have…

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Thailand Skips Crypto Regulatory Debate in Search of Tax Revenues

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

Thailand Skips Crypto Regulatory Debate in Search of Tax Revenues

Widely known for a being a global tourism and hospitality destination, Thailand is looking to expand its tax revenue base by bringing its nascent crypto industry into the mainstream fold. A new law was passed recently with the specific target of regulating cryptos and digital assets, giving them an unparalleled level of government recognition. This has lessons and implications for…

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