Thailand

Cryptocurrency exchange Zipmex has announced it is taking immediate action by suspending all digital asset trading in Thailand as part of its efforts to comply with regulations.According to a statement issued on November 25, Zipmex has opted to temporarily halt its operations to align with ...

Binance will publicly roll out a Thailand-based crypto exchange in early 2024 via a joint venture with local energy giant Gulf Energy Development.A Nov. 15 Stock Exchange of Thailand filing by Gulf Energy said the venture, called Gulf Binance, will initially be available on an invitation-o ...

The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as the project prepares to become a minimum viable project for commercial launch next year.T ...

The Monetary Authority of Singapore (MAS), the country’s central bank and financial regulator, is planning to start crypto-related cooperation with some European countries and Japan.The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (F ...

Thailand’s Kasikornbank, one of the largest banks in the country, is moving into the cryptocurrency industry by acquiring a majority stake in the local crypto business Satang.Kasikornbank, also known as KBank, acquired 97% of shares in the operator of Thailand’s Satang crypto exchange, acc ...

South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX unit and an unnamed Taiwanese financial institution also participated in the project.The project carried out real-time settleme ...

Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 stat ...

Group Gulf Binance, which combines the world's largest cryptocurrency exchange and the company Gulf Innova, announced that it has successfully received a license of digital asset operator from the Ministry of Finance of Thailand. The crypto exchange plans to begin operati ...

The opposition party Pheu Thai has made a bold promise ahead of the upcoming parliamentary elections in Thailand. They have pledged to give each resident of the country 10,000 baht ($300) in cryptocurrency if they win the election. This promise has generated a lot of buzz and excitement among ...

On March 10, it was reported that the Thai authorities had issued arrest warrants for four immigration officers who allegedly kidnapped a Chinese citizen and his translator, and coerced them into transferring 30,000 USDT stablecoins. The incident occurred when a local resident, who was working as ...