The securities regulator of Thailand has announced new rules which will allow digital currency businesses to take advantage of digital assets in determining net capital funds.
The Thai Office of Courts of Justice is working on moving its entire judicial information to a blockchain platform by 2021.
The licenses will allow Upbit Thailand to offer services in four categories: digital token exchange, digital token broker, digital currency broker and digital currency exchange.
Bank of Thailand is partnering with the Hong Kong Monetary Authority to integrate the Hong Kong dollar into its CBDC system.
Thailand’s central bank is reported to be working with commercial banks in developing a distributed ledger system.
The blockchain system is expected to help farmers who have trouble turning a profit due to low and unstable palm oil prices.
The Thai SEC has approved crypto exchange Zipmex to operate in the country, becoming one of just a handful of crypto exchanges licensed in the Asian nation
The alleged pyramid scheme known as Khung Nong Cryptocurrency Trading became popular with investors in 2018.
From Thailand’s e-visa to India’s Tata consultants, America’s AMD to China’s TikTok, blockchain is ending the year on a high as more global giants adopt.
Authorities in Thailand have arrested 24 Chinese nationals in connection with a BTC investment scam thought to be operating an industrial scale from Bangkok.
Thailand’s crypto and blockchain industry has struggled, so they are hoping to change things up in the new year.