Crypto News

Thailand Regulator Issues Strong Warning Against Unregistered ICOs

Advertisement The Thai Securities and Exchange Commission has issued an investment warning against ICOs operating in the country without its recognition, registration and supervision. The Bangkok Post reports that Thailand’s premier markets regulator is taking action after discovering a number of unregistered coin sales being promoted in Thailand through social media platforms like Facebook and Youtube. “High […]

Crypto News

Accenture Launches Commercial R3 Blockchain Solution in Thailand

Advertisement Global consulting giant Accenture and Digital Ventures, a fintech subsidiary of Thai financial services conglomerate Slam Commercial Bank (SCB) have announced the launch of a jointly developed blockchain solution that makes commercial operations in Thailand more efficient by using R3‘s open-source Corda blockchain protocol to revamp the process of making and receiving payments and […]

Crypto News

Thailand Police Arrest Prime Suspect of $24 Million Bitcoin Fraud Scheme

Advertisement The alleged mastermind of the bitcoin fraud scheme which saw a Finnish investor lose 5,564 bitcoins in Thailand has been arrested. Prinya Jaravijit, who is the principal suspect in swindling Finnish national Aarni Otava Saarimma out of bitcoin worth 797 million baht (approximately US$ 24 million) was arrested at Bangkok’s Suvarnabhumi Airport on October […]

Crypto News

Thailand Studies Blockchain for Applications in Intellectual Property, Trade Finance

Advertisement Two feasibility studies on blockchain technology have been launched by Thailand’s Ministry of Commerce. The studies, which will focus on exploring the use of blockchain technology in trade finance and the registration of intellectual property, are expected to be completed in February 2019, per the Bangkok Post. According to Pimchanok Vonkorpon, the director of […]

Crypto News

Thailand AML Watchdog Plans to Seize Bitcoin from Criminal Proceeds

Advertisement Thailand’s anti-money laundering agency is considering sealing a loophole that has seen cybercriminals face every other consequence for their actions except have their digital assets confiscated. According to the secretary of Thailand’s Anti-Money Laundering Office (AMLO), Witthaya Neetitham, the government agency is planning on setting up its own cryptocurrency wallet for the purposes of […]

Crypto News

Philippines, Korea, and Thailand Move to Create the Next Crypto Valley

Advertisement The Philippines, Thailand, and South Korea are moving towards creating the next crypto valley, after recognizing the success of Malta and Zug, Switzerland in creating crypto and blockchain friendly environments. Most countries in Southeast Asia, including Vietnam and Thailand, have cracked down on crypto trading and blockchain-related developments over the past year. A few […]

Crypto News

Thailand Embarks on Its Own Wholesale Central Bank Digital Currency

Advertisement In an announcement on Tuesday, the Bank of Thailand outlined a preliminary roadmap for ‘Project Inthanon’, its central bank digital currency (CBDC) initiative. The Bank of Thailand (BoT), the country’s central bank, is partnering 8 participating banks in a collaborative project that will use R3’s distributed ledger technology (DLT) platform Corda to build a proof-of-concept […]