#Thailand News

Thailand: Analyzing the Mystery Closure of Bitcoin Co (bx.in.th)

September 18, 2019 by Edoardo Vecchio at Bitcoin

An article published by the Bangkok Post speculates some hypotheses that may have led to the closure of the well-known exchange Bitcoin Co earlier this month. Contention As reported by BTCManager on September 2, the Thai exchange Bitcoin Co (bx.in.th) unexpectedly closed its doors leaving its users in a mix...

Thailand: BX Bitcoin Exchange Shutdown Attributed to Stringent Regulations

September 6, 2019 by Osato Avan-Nomayo at Bitcoin

More updates have emerged regarding the closure of one of Thailand’s largest Bitcoin exchanges, reports the Bangkok Post. Sources say the move was due to the platform not being keen on complying with some of the more stringent anti-money laundering (AML) provisions set forth by regulators. Providing Customer Information As...

Major Bitcoin Exchange in Thailand Shuts Down

September 2, 2019 by Osato Avan-Nomayo at Bitcoin

Bitcoin Co. Ltd. says it will be shutting down its cryptocurrency exchange service in a shock move for a country that is seeing increasing levels of crypto commerce. There is no word yet on the reasons behind the decision but the company reportedly plans to pivot towards other business areas....

Thai Customs Adopt IBM’s Blockchain Platform for Shipment Tracking

August 30, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

The Customs Department of Thailand has adopted TradeLens, IBM’s blockchain-powered digital trade platform that supports efficient and accurate container tracking and real-time information sharing among stakeholders in the supply chain. The agency firmly believes that blockchain integration will foster transparency and enhance its processes, reports Bangkok Post on August 29,...

Thai SEC Warns Crypto Traders About Bogus Investment Scam

August 25, 2019 by Aisshwarya Tiwari at Finance

Thai financial watchdog, the Securities and Exchange Commission (SEC), recently warned the public about a new form of investing scam, in which a bogus entity, masquerading as a regulated legal digital currency trading firm solicits traders into investing with it. This, according to a report by the Bangkok Post, August...

Thai Government to Integrate DLT, A.I and Emerging Technologies into the Digital Economy

August 12, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

In a bid to improve the income, quality of life, and competitiveness of ordinary people in the society, Thailand's Digital Economy and Society Ministry (DE) intends to use innovative technologies like blockchain in developing mobile applications and e-commerce solutions over the next three months, reports Bangkok Post on August 11,...

A high-tech robot mecha stomping a washing machine cleaning money

Thai Financial Watchdog Declares war on Crypto-Fueled Money Laundering

August 5, 2019 by Ogwu Osaemezu Emmanuel at Regulation

Pol Maj Gen Preecha Charoensahayanon, the acting secretary-general of Thailand's Anti-Money Laundering Office (AMLO) believes Bitcoin and altcoins are a serious threat to the agency. As such, AMLO has pledged to prioritize the discovery of new hideouts for illegally obtained fiat converted to cryptoassets, according to a Bangkok Post report...

Huobi Folder in Thailand island temple sunset

Huobi Licensed to Launch Fiat-to-Crypto Exchange in Thailand

July 26, 2019 by Ogwu Osaemezu Emmanuel at Finance

Huobi Group, a leading Singapore-based digital assets exchange has announced that Huobi Thailand, its Thai-based subsidiary has secured a fifth license that would enable it to operate a crypto exchange in the region. Huobi Thailand will offer clients crypto-to-crypto trading as well as a crypto-to-fiat onramp starting from Q3 2019,...

Hong Kong and Thai Authorities Sign Fintech MoU

May 16, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter,...

Bitcoin Moves Towards $6,000 Mark as Momentum Remains Positive Despite “Untethered” Tether

May 6, 2019 by Alex Lielacher at News, News Digest

The price of bitcoin rallied by over nine percent week-on-week despite the revelations that market-leading stablecoin USDT is not fully backed by US dollars as we were made to believe. On Sunday evening, BTC/USD traded at $5,785. The Big Stories At the start of last week, Tether finally admitted to...

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