The chief financial regulator of Thailand has warned investors to avoid the unregulated Q Exchange, following an order issued to the firm to stop advertising on account of a lack of a sufficient license.
Upbit, one of the biggest cryptocurrency exchanges in South Korea, has reportedly set up a website for crypto exchanges in Thai and Indonesian languages, as part of its attempt to market its trading services to customers in the two Asian countries.
The three siblings arrested in Thailand on allegations of fraudulently tricking a Finnish investor into shelling out over $24 million in cryptocurrency have pleaded not guilty to money laundering charges.
The revenue department in Thailand has become the latest government body to turn to blockchain technology, after it announced plans for tackling tax avoidance and investigating fraud.
A suspect involved in a Thailand cryptocurrency scam is unable to return home after the Foreign Ministry of Thailand revoked his passport.
Thailand’s Anti-Money Laundering Office (AMLO) is looking to expand its powers to allow for seizure of digital assets.
Aarni Otavi Saarimaa, a Finnish businessman who lost 5,564 BTC in a scam in Thailand, is poised to receive compensation after he began the settlement talks with some of the suspects.
A Thai stock investor who has been linked to the $24 million cryptocurrency fraud case has claimed to be victim of the scam himself.
Seven cryptocurrency firms in Thailand have been granted approval by the Securities and Exchange Commission (SEC) to operate in the country.
Thai actor Jiratpisit Jarajivit has been arrested on money laundering charges after a Finnish man filed a complaint accusing him and his siblings of tricking foreigners into investing in entertainment token Dragon Coin.
Thai authorities say they have received 20 applications for crypto exchange licenses, and another 50 applications from ICO issuers interested in securing licenses to raise money in the country.
Thailand’s central bank, the Bank of Thailand (BOT) has released a circular outlining their policies on cryptocurrency activities. The circular effectively cancels out their previous rule banning banks and financial institutions from engaging in such activities, provided they abide by the newly released policies.
