Crypto News

Thailand Bans Bitcoin Cash, Ethereum Classic, Litecoin from Trading Pairs & ICOs

Thailand’s Securities and Exchange Commission banned bitcoin cash (BCH), Litecoin (LTC), and Ethereum Classic (ETC) from eligibility for initial coin offerings, investments, and base trading pairs against other cryptocurrencies traded on digital asset exchanges. Bitcoin, Stellar, Ripple, Ethereum Approved In a February 28 notice, the Thai SEC — which is the country’s capital markets authority […]

Bitcoin

Thailand Bans ICOs From Using Bitcoin Cash, Litecoin and Ethereum Classic

Thailand’s Security and Exchange Commission (SEC) has banned Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum Classic (ETC) for use by Initial Coin Offerings (ICOs) in fundraising and as base pair on cryptocurrency exchange platforms. Bitcoin Cash, Litecoin, and Ethereum Classic Blacklisted Contrary to reports making the rounds on the cryptocurrency news circuit, regulators in Thailand […]

Crypto News

$1.3 Million Bitcoin Scam Swindles Victims in Thailand. Are Tougher Crypto Regulations Necessary?

A virtual bitcoin mining farm in Thailand has allegedly scammed users out of 42 million baht (approximately $ 1.35 million), according to a report in the Bangkok Post.  30 victims have filed a complaint against the company, CryptoMining.Farm. Although police believe the scam may have hit up to 140 individuals. It comes just months after […]

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 […]