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Thai Government Approves Crypto Exchange, Wants Own Wallet

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The Thai Securities and Exchange Commission has approved another crypto exchange to legally operate in the country. There are now six exchanges that have been granted approval. Meanwhile, the government is considering maintaining its own wallet in order to confiscate cryptocurrencies from illegal sources. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more

Thailand Updates ICO Licensing Progress, Warns Firm Issuing Token Without License

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The Thai Securities and Exchange Commission has revealed the number of applications it has received from businesses wanting to operate initial coin offering portals in the country. However, at least one company is already issuing a token without obtaining approval. Meanwhile, the first Thai Stock Exchange-listed company to launch a token has a new plan … Read more

Bank of Thailand and 8 Commercial Banks Developing Central Bank Digital Currency

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Following the adoption of the country’s first cryptocurrency regulation, the central bank of Thailand is working on its own digital currency in collaboration with the country’s largest banks. Initially, the new currency will be used for interbank transfers; this phase is expected to be completely developed by the first quarter of next year. Also read: Yahoo! … Read more

Thai Central Bank Defends Cryptocurrencies

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In the high-profile Thai crypto fraud case involving an actor, Thailand’s central bank has clarified that the fraud is not related to cryptocurrency trading, but a general misuse of money. Thailand has recently legalized seven cryptocurrencies, authorized seven crypto firms, and the Bank of Thailand has green-lighted commercial banks’ subsidiaries for crypto activities. Also read: Yahoo! … Read more

Thai Bitcoin Scandal Implicates Stock Exchange and Staff at 3 Banks

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Staff at three Thai banks and an investor in the Stock Exchange of Thailand (SET) are among the people implicated in a mega bitcoin scandal, local media reported on August 16. According to the Thai police, several bank employees failed to report huge transfers to the country’s Anti-Money Laundering Office, a violation of the country’s … Read more

Only Seven Crypto Firms Authorized to Legally Operate in Thailand

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The Thai Securities and Exchange Commission (SEC) has announced the names of seven cryptocurrency firms that have been authorized to legally operate in the country. Five of them are crypto exchanges; two are cryptocurrency dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Seven Crypto Firms Authorized The Thai SEC has announced the names … Read more