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.
The SEC wants to make the regulations even better so as to promote the growth of the crypto industry.
Hong Kong and Thailand have been conducting research on a state-backed digital currency, with the report coming by Q1 next year.
Led by its Chairman Xi Jinping, China is all in on blockchain as Bahamas explores CBDC. Regulators are also stepping up their game as blockchain makes its mark
Bitkub is one of only three cryptocurrency exchanges that the Thai Securities and Exchanges Commission has licensed to operate in the Southeast Asian country.
Mana Jumuang has been described as the “cryptocurrency wizard,” a name police say he used to encourage investors to part with their cash.
The new blockchain application will allow Thai customs officials to track shipments more accurately.