Category: Thailand

Oldest Thai Bank Talks About Vechain Next To Ripple And Bitcoin

Thailand’s largest commercial and oldest bank, Siam Commercial Bank, has released a blog post that indicates their interest in blockchain technology and digital assets, and which explicitly mentions assets and projects like Bitcoin, Ripple, and VeChain. Siam Commercial Bank (@scb_thailand) mentions @vechainofficial on their website. Check out the article here: […]

Hong Kong and Thai Authorities Sign Fintech MoU

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter, […]

Thai Central Bank Builds Blockchain Solution for Digital Currency Project

The Bank of Thailand, the country’s central bank, has moved ahead with its digital currency project by building a blockchain-based prototype solution. The solution will enable the central bank to settle interbank transactions using a digital currency among its eight commercial bank partners. BoT’s tech partner Wipro announced the news on […]

Bitcoin Moves Towards $6,000 Mark as Momentum Remains Positive Despite “Untethered” Tether

The price of bitcoin rallied by over nine percent week-on-week despite the revelations that market-leading stablecoin USDT is not fully backed by US dollars as we were made to believe. On Sunday evening, BTC/USD traded at $5,785.  The Big Stories At the start of last week, Tether finally admitted to […]

Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3. In a statement obtained by the website, the central bank said it had received reports of several scams targeting those who lack […]

Thai SEC Deputy Secretary: New Regulation Allows for Digital Shares, Tokenized Securities

The Thai Securities and Exchange Commission (SEC) deputy secretary-general Tipsuda Thavaramara has said that the recently introduced regulation allows for the issuance of digital shares and a tokenized securities depository platform. English-language local media Bangkok Post reported the declarations on May 2. In her comments, Thavaramara referred to the amendment […]

Thailand’s ban on crypto was always meant to be a temporary solution, says Thai SEC’s FinTech Director

Bitcoin [BTC], the world’s largest cryptocurrency, found resurgence earlier this month after a sudden surge pushed the king coin’s valuation above the $5,000 mark, before crossing $5,300 shortly after. The collective market followed its pace and climbed to short-term highs after breaking their respective immediate resistances, leading many crypto-enthusiasts to […]