#Thailand

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...

Storefront Downloading Digital Trading Amendments

Thailand Set to Introduce Blockchain-Powered Digital Securities Trade

May 4, 2019 by Aisshwarya Tiwari at Adoption, ICO, News, Regulation

Thailand’s Securities and Exchange Commission (SEC) has amended the Securities and Exchange Act of 2019 to allow market players to participate in primary markets to trade digital securities. This according to a report by the Bangkok Post published May 2, 2019. Thailand Makes Way for Digital Businesses In its quest...

NTT Communications Thailand to Establish Blockchain, AI, IoT-Focused Innovation Lab

April 25, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, News, Tech

NTT Communications Thailand, the Thai subsidiary of Japan-based NTT Group is set to establish an “innovation lab” to pilot and develop Internet of Things (IoT), artificial intelligence (AI), and blockchain-based solutions to foster the country’s digitization reports Bangkok Post, April 23, 2019. Fostering Blockchain, IoT, and AI Thailand, unlike other...

Thailand Stock Exchange Boat Sunset Bitcoin Gold Sea Beach

Stock Exchange of Thailand Announces Digital Assets Platform

March 15, 2019 by Tokoni Uti at Adoption, Bitcoin, Blockchain, Business, News

The Stock Exchange of Thailand (SET) published a document on March 13, 2019, where they outlined plans to modernize and transform the Thai capital market, and one of the steps in that plan involves the rolling out of a digital assets trading platform in 2020. Hot Cake It would seem...

Thailand’s SEC Reportedly Approved Pioneer Initial Coin Offering (ICO) Portal

March 13, 2019 by Tom Nyarunda at Adoption, Altcoins, Commentary, Development, Exchange, News, Regulation

According to a local news outlet, The Bangkok Post, the Thai Securities and Exchange Commission (SEC) has approved Thailand’s first Initial Coin Offering (ICO) portal on March 12, 2019. Unnamed Operator Is a Foreign Entity The Thai SEC's approval means that other government agencies such as the Ministry of Commerce...

Bitcoin Struggles Regaining $4,000 Mark, Closes Week 5 Percent Lower: BTCManager’s Week in Review March 4, 2019

March 5, 2019 by Alex Lielacher at Bitcoin, Blockchain, Business, News, News Digest

After last week’s pump, the price of bitcoin failed to retake the $4,000 mark and closed the week five percent lower at around $3,850 versus last week’s close. The Lightning Torch continues to be passed around with Fidelity Digitial Assets being the first financial institutions to become a holder at...

Libertarian Couple Fund Creation of World’s First Functional Seastead Using Bitcoin

March 4, 2019 by Alex Lielacher at Adoption, Bitcoin, Development, News

A couple has launched the world’s first functional seastead, which they funded using investment income from their bitcoin holdings. Chad Elwartowski and Nadia Summergirl set the venture afloat on February 12, 2019, twelve nautical miles off the coast of Phuket in Thailand. What Is a Seastead? Seasteads are dwellings that...

Man in a Suit Holding a Clip Board of Cryptocurrencies

Bitcoin, Ether, XRP, and Stellar Lumens Accepted for ICO Purposes, Says Thai SEC

March 2, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

On February 28, 2019, Thailand’s financial watchdog, the Securities and Exchange Commission (SEC), updated the list of cryptocurrencies which can be used for initial coin offering (ICO). The list now comprises of a total of four digital currencies – bitcoin (BTC), ether (ETH), XRP, and stellar lumens (XLM). BCH, ETC,...

Jack-In-A-Box Pickaxe Clown Evil Bitcoin

Crypto Mining Scam Uncovered in Thailand

February 20, 2019 by Tokoni Uti at Altcoins, Crime, Investment, News

Over 30 people have come forward to the police after being scammed by a supposed crypto mining scheme that promised a 70 percent return on investment, the Bangkok Post reports on February 18, 2019. Mining for Money In the world of blockchain, it seems like it is another day, another...

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