A crypto mining site has been accused of stealing as much as $1.34 million from its investors.
The Stock Exchange of Thailand has announced plans to apply for a digital assets license, which would allow the firm to setup a new authorized cryptocurrency exchange in the country.
Overseen by the Ministry of Finance, the first licenses have been issued to four cryptocurrency exchanges, with two rejected and a further license application still in the balance.
Thailand is hoping to make voting easier, and voting fraud a thing of the past, by introducing blockchain technology to its voting systems.
Thailand’s Revenue Department has begun tests for tracking value-added tax (VAT) payments through blockchain.
The chief financial regulator of Thailand has warned investors to avoid the unregulated Q Exchange, following an order issued to the firm to stop advertising on account of a lack of a sufficient license.
Upbit, one of the biggest cryptocurrency exchanges in South Korea, has reportedly set up a website for crypto exchanges in Thai and Indonesian languages, as part of its attempt to market its trading services to customers in the two Asian countries.
The three siblings arrested in Thailand on allegations of fraudulently tricking a Finnish investor into shelling out over $24 million in cryptocurrency have pleaded not guilty to money laundering charges.
The revenue department in Thailand has become the latest government body to turn to blockchain technology, after it announced plans for tackling tax avoidance and investigating fraud.
A suspect involved in a Thailand cryptocurrency scam is unable to return home after the Foreign Ministry of Thailand revoked his passport.
Thailand’s Anti-Money Laundering Office (AMLO) is looking to expand its powers to allow for seizure of digital assets.