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.
Major Cineplex has teamed up with Rapidzpay to allow its patrons to pay for their movie tickets and popcorn with cryptocurrencies like Bitcoin Cash.
Bithumb, a cryptocurrency exchange based in South Korea, is already working to obtain regulatory approvals from Thailand's Securities and Exchange Commission to set up an exchange in the country, according to reports.
Bank of Thailand could soon use blockchain for payments and also for managing its supply chain financing and document authentication, according to Dr. Veerathai Santiprabhob.
Thailand’s financial markets regulator Securities and Exchange Commission has finally announced its regulatory framework for initial coin offerings. The laws will come into effect on July 16.
The SEC is poised to approve five ICO projects to register for fundraising procedures as soon as the organic law of Thailand's digital asset decree takes effect in late June.
Thailand’s Revenue Department announced that it would be waiving the 7% value-added tax (VAT) for all individual cryptocurrency investors.