Confirming the draft proposals were only meant to test stakeholder sentiment, the Thai securities regulator withdrew the plans following sharp public criticism in the hours after its announcement.
The government believes such a measure would cushion amateur traders against huge losses by ensuring they trade within their means.
China and the United Arab Emirates have joined a research initiative that studies the feasibility of a central bank digital currency.
The Securities and Exchange Commission is set to conduct a public hearing to determine what qualifications traders need before getting into the digital currency industry.
Bitkub exchange will now have to address five key areas as outlined by the watchdog, including integrating a system that’s better suited to handling spikes in trading volume.
The Stock Exchange of Thailand has snubbed digital currencies like BTC while announcing a new trading platform for digital tokens.
The Thai Securities and Exchange Commission has ordered Bitkub to improve its technical infrastructure after an unacceptable level of trading outages.
The country’s Excise Department will integrate blockchain technology to administer revenue collection for the fiscal year 2021.
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.