Bank of Thailand starts trial for programmable payments
To qualify, applicants must solve DLT payments and settlements, operate an escrow service with programmable payments, or offer asset tokenization.
Latest Thailand News
Thailand approves first spot BTC ETF
Thailand joins Hong Kong and the United States in approving BTC ETFs this year, with the Thai SEC giving the green light to offer them only to wealthy investors.
mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade
The framework is expected to allow China and Thailand to carry out international trade in the Chinese yuan or the Thai baht rather than the U.S. dollar.
Thai CBDC pilot succeeds, but no plans to create one
Thailand sees central bank digital currency as a tool that could promote innovation but argues that it is in no rush to push for one, noting that it will resort to programmable payments and tokenization instead.
Thailand issues tax exemption for investment tokens
Thailand’s Cabinet will allow investors who have had their 15% capital gains tax deducted to exclude their investment token profits when reporting their taxes.
Thai SEC wants to revoke Zipmex license
The Thai securities regulator wrote to the finance minister proposing that he revoke the Zipmex license over its failure to maintain net capital and insufficient management.
Thailand removes VAT on digital currency trading: report
The new tax exemption rules have been effective since January 1, 2024, and will extend to registered dealers and brokers licensed by the Thai Securities and Exchange Commission.
Hong Kong to VASPs: Secure license by February 29 or face shutdown
As the deadline looms, Hong Kong has reiterated its pledge to shut down all unlicensed VASPs by the end of May, even as it called for vigilance from investors.
Thailand lifts restrictions on retail investment in digital tokens
Thailand’s securities regulator has updated its rules to lift the $8,450 restriction, permitting Thais to invest freely in tokenized real-world assets to boost “national development.”
Thailand’s Kasikornbank eyes tokenized securities in raising funds
Kasikornbank is looking to revolutionize fundraising with tokenized securities, a move that it hopes would advance its Web3 ambitions in digital asset ecosystem development.
Thailand postpones national digital currency distribution amid demands for closer examination
Thailand postpones digital currency rollout to Q1 2024 due to security concerns, facing criticism over debt and legality.
Thailand’s Kasikornbank launches $100M fund for Web3, AI projects
Kasikornbank launches $100 million KXVC fund, targeting AI and Web3 projects, with plans to support startups expanding into the APAC region and foster Southeast Asia's Web3 ecosystem.