Under the latest regulations, VASPs are mandated to create a digital wallet management system, a framework for securing wallet keys, and develop a contingency plan in case of a system anomaly.
Assistant Gov. Tharith Panpiemras revealed that virtual banks would be regulated in the same manner as traditional financial institutions, including additional safeguards for investors’ protection.
Thailand's Securities and Exchange Commission has opened a new investigation into the activities of Zipmex to clarify how its ZipUp/ZipUp+ offerings were administered.
As global digital asset exchanges fall like dominoes, Thailand is looking to fortify its oversight powers and impose more stringent protocols in the market to safeguard investors.
Eddie Yue of the HKMA says reducing risks associated with digital assets can be achieved by regulating off-chain activities, while BOK's Rhee is skeptical of whether these assets truly have benefits.
The deal will see V Ventures own 90% of the embattled Zipmex exchange as part of attempts to raise liquidity.
Bitkub CEO Jirayut Srupsrisopa reveals that part of the allure of Hong Kong is the presence of a crystal clear regulatory process and a highly liquid stock exchange.
A Memorandum of Understanding (MOU) was signed by the Thai Fintech Association (TFA) and the Hungarian Blockchain Coalition on October 25.
A month-long CBDC pilot program involving Hong Kong, Thailand, China, and the United Arab Emirates ends with millions in cross-border and foreign exchange transactions made, signaling a new track for economic growth.
Five prominent legal entities face intense scrutiny from Thailand's Securities and Exchange Commission over their alleged involvement in manipulating the digital asset market to lure more investors.
Details of the ban include the prohibition of "digital asset business operators" from taking deposits of digital assets with a promise of returns.
Thailand slowly loses its momentum in adopting digital assets as operators face stringent regulatory protocols, while at the same time carefully treading the bear market.
