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.
The SEC disclosed that Zipmex and its co-founder Eklarp Yimwilai failed to report all relevant details surrounding the pausing of withdrawals and deposits on the platform.
Thailand doubles down on consumer protection with stringent protocols on advertising, mandating digital asset operators to sell assets based on facts, including disclosing the risks of acquiring one.
Bitkub's CTO faces sanction on charges of allegedly taking advantage of SCBX's planned 51% stake bid in the exchange platform to boost his KUB token investment.
Thailand's SCBX may have called off plans to purchase shares in digital exchange Bitkub but has refused to close doors to future collaboration with the troubled platform.
Zipmex lays out its plan to break from a liquidity crisis by introducing potential investors to Thai regulators while appointing solicitors to ensure its smooth restructuring process.
CoinGeek’s Alex Moon recently joined the Brittany Bitz podcast to discuss Bitcoin SV, entrepreneurship on the blockchain, and the grand vision of Bitcoin as a global network.
The plan will make the Bank of Thailand a second digital assets industry oversight body following the SEC, which is currently the sole digital assets industry regulator.
Despite approving its licenses, the Thai securities regulator still needs to inspect the firms' operations before they can kick off market activities, a report noted.
