Tag: Thailand

Following the Royal Decree by Thailand’s regulatory authorities on May 14, 2018, that cryptocurrencies are formerly digital assets, the Asian nation is set to take its local blockchain-based digital currency industry to the next level by showing five Initial Coin Offering (ICO) projects the green light to operate in the area, out of the 50 startups that filed for approval….

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Thailand’s Securities and Exchange Commision unveiled the details of the country’s regulatory framework for digital assets and initial coin offerings (ICOs). The paper includes relevant fees, taxes, licensing requirements, and most importantly – seven approved cryptocurrencies. Thailand’s Cryptocurrency Push According to a Bangkok Post report on June 9, 2018, the Thai SEC held a meeting on June 7 to discuss…

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Dr. Veerathai Santiprabhob, the Governor of the Bank of Thailand, announced the South East Asian country would use blockchain technology to improve existing banking applications. Blockchain Technology Gaining Momentum Santiprabhob made the announcement on June 5, 2018, at the Nomura Investment Forum in Singapore where he also expanded on the details in his Keynote Address concerning the Thai Economy and…

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2018 continues to be a year of cryptocurrency regulations as a slew of nations have started putting the finishing touches to the rules that would govern their blockchain and digital currency space. Now, Thailand has announced that its royal decree to regulate virtual currencies has come into effect. Cryptocurrencies are Digital Assets Back in February 2018, BTCManager reported that Thai…

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The Stock Exchange of Thailand (SET), with the help of the public and private sectors, has officially released its Launchpad and Investment Vehicle for Enterprises (LiVE), a blockchain-fueled crowdfunding platform built to fund Thailand startups and small and medium-sized enterprises. SET Looks to the Future with Blockchain Tech Following in the footsteps of the Australian Securities Exchange (ASX) and the…

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Thailand’s Finance Minister Apisak Tantivorawong announced on March 27, 2018, that the country’s military regime is planning to tax cryptocurrency. The move is creating uncertainty in a region which is promoting Singapore to stay ahead and take control of the leadership in the sector. Cutting out a Slice of the Pie The country’s military leaders want to impose taxation on…

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In the wake of the uprising of cryptocurrency, the Central Bank of Thailand made a rather interesting announcement on Monday, March 19. 14 Thai banks have joined forces to create the Thailand Blockchain Community initiative, which will be responsible for the digitization of letters of guarantee on a shared blockchain platform. The country’s top banks, namely The Bangkok Bank, Krung…

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The Thai government is finally going to take steps to regulate the cryptocurrency market in the country. In recent years, the state has become a hotbed for local bitcoin companies in what can best be described as a sandbox environment. Throughout the emergence the cryptocurrency market in the country, there has always been the question of the sort of approach…

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  In another major step, Thailand is moving to regulate Initial Coin Offerings. The Securities and Exchange Commission of Thailand and the Stock Exchange of Thailand are in negotiations to prepare a draft for a legal and comprehensive framework to regulate ICOs in the country. Gathering Feedback on Regulatory Perspectives The country’s SEC wants to strike a balance between supporting…

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Omise, the Ethereum-based payment gateway infrastructure provider, has entered into a strategic partnership with McDonald’s Thailand to implement its exclusive payments gateway onto www.mcdonalds.co.th and the McDelivery Thailand mobile app. Since 2013, Omise has been collaborating with local financial institutions, banks, and fintech service providers in Thailand and Japan to create a cross-bank and cross-network blockchain-based financial platform. After launching…

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