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Thailand’s central bank is considering issuing its own digital currency, claiming that it would reduce transaction times and costs for interbank settlements Go to Source Powered by WPeMatico
Chinese exchange Zb.com has set up a branch in Thailand with a plan to turn it into the regional crypto trading hub in Southeast Asia. The move came as the Thai government finalizes the country’s regulatory framework for cryptocurrencies and initial coin offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Creating Regional Hub … Read more
Thailand’s biggest bank comes on board with Marco Polo, a DLT initiative from R3 Consortium Go to Source Powered by WPeMatico
Cryptocurrency regulation has always been a rather controversial topic. It is, by default, nearly impossible to effectively regulate an industry which is decentralized and has no central entity. Even so, officials in Thailand are looking to make inroads in this area. They will meet with blockchain and cryptocurrency experts this week to discuss future laws … Read more
Mitsubishi Group and a Singapore bank complete cross-border payment using major Thai bank Krungsri’s blockchain tech Go to Source Powered by WPeMatico
A recent “analysis of 1,450 cryptocurrency offerings” published by the Wall Street Journal has claimed to have revealed “rampant plagiarism, identity theft, and promises of improbable returns.” In other ICO news, Bermuda’s parliament has passed regulations that will legitimize initial coin offerings as a means of fundraising, and Thailand’s SEC held a hearing regarding its upcoming … Read more
Thai SEC details rules for running ICOs in a focus group today Go to Source Powered by WPeMatico
A Japanese government-approved cryptocurrency exchange has resumed expanding overseas. Already operating in five countries with a plan to launch in more in the near future, the exchange aims to construct a global network of crypto transactions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Building Global Network Bitpoint Japan was among the first crypto … Read more
Thailand joined a pool of countries that have introduced regulatory frameworks for cryptos, but local exchanges still don’t know what to do Go to Source Powered by WPeMatico
Thailand’s Revenue Department has announced that it will waive the 7% value-added tax for individual cryptocurrency investors. The country began regulating digital currencies and initial coin offerings on Monday, putting the Thai Securities and Exchange Commission (SEC) in charge of the regulations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space VAT Exemption The decree … Read more
