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Tag: Thailand
Thailand Scares off Crypto-related Startups after Unveiling Taxation Measures
Category: Altcoins, Business, Finance, News, Regulation
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…
Thailand to Make its Mark on the Blockchain World
Category: Blockchain, Business, Finance, News
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…
Thailand to Adopt a More Measured Approach to Cryptocurrency Regulations
Category: Altcoins, Bitcoin, News, Regulation
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…
Thailand to Regulate the ICO Industry in Near Future
Category: Commentary, News, Regulation
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…
Ethereum-Based Omise to Process McDonald’s Thailand Payments
Category: Business, Ethereum, Finance, News
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…
