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The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand’s capital market by accommodating six specific digital asset-related services, including exchanges and custodial wallet providers. Thai SEC Launches Digital Asset Regulatory Sandbox The … Read more
Thailand has been moving toward a more crypto-friendly stance throughout 2024, approving a Bitcoin ETF, initiating tax breaks for crypto and more. Go to Source
The controversial plan began as a campaign promise and will help lower-income Thais buy more. Go to Source
The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable. “The rate at which bad actors are using elaborate pig-butchering scams to defraud innocent people is … Read more
Thailand’s Finance Minister determined the cryptocurrency exchange was “still in contravention” of orders imposed by the SEC in February. Go to Source
The Thai government has announced a new visa class for remote workers that can be extended for up to 360 days, but details on income and tax liabilities are unclear. Go to Source
The Bank of Thailand (BOT) has released a report on its Retail Central Bank Digital Currency (CBDC) pilot project, conducted using Giesecke+Devrient’s (G+D) technology solution. The project tested the digital version of the Baht and its potential for financial innovation, delivering key lessons on the capabilities of a CBDC in supporting multiple online and offline … Read more
Regulators from key crypto markets, including the United Kingdom and Spain, have also taken similar measures against misleading crypto advertisements to minimize losses from crypto investments. Go to Source
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis. Go to Source
Crypto services from Binance and Gulf Energy’s joint venture, Gulf Binance, will initially be available to Thai residents on an invitation-only basis. Go to Source
