Thailand | ForkLog

ForkLog 26 24.04.2025

KuCoin Enters Thai Market Following Binance’s Lead

The regulated Thai digital token exchange ERX has launched the licensed platform KuCoin Thailand, as reported by local media. The platform will offer clients a full suite of products from one of the world’s largest bitcoin exchanges. “This partnership gives us access to global infrastructure and resources, which we will use to create localized solutions […]

AI translated

ForkLog 10 09.04.2025

Thailand Tightens Regulations on Cryptocurrency Businesses

The Securities and Exchange Commission of Thailand has adopted amendments imposing additional restrictions on foreign crypto platforms and new requirements, including data collection and blocking of illicit transactions. The changes affect the Digital Asset Business Act and the Cybercrime Act. The regulator aims to strengthen measures against cybercrime and “money mules.” Officials stated that the […]

AI translated

ForkLog 22 10.03.2025

Thailand’s Regulator Approves USDT for Trading and Payments

The Securities and Exchange Commission of Thailand (SEC) has recognized Tether’s USDT as a legitimate cryptocurrency, permitting the stablecoin’s listing on regulated platforms and its use in transactions. The new regulations will come into effect on March 16, 2025. They are designed to enhance business flexibility in the digital assets sector. The approval of the […]

AI translated

ForkLog 10 20.01.2025

Phuket to launch a crypto-payments sandbox

A sandbox allowing cryptocurrency payments will launch on the Thai island of Phuket in October, former prime minister Thaksin Shinawatra said, the Bangkok Post reported. High-risk cryptocurrencies will be excluded. According to the former official, Thailand is ready to move to digital assets, and liberalisation of the regulatory regime in the United States after the […]

AI translated

ForkLog 20 09.01.2025

Thai police seize about 1,000 bitcoin miners from JIT Co.

Thai police seized 996 bitcoin mining devices from JIT Co., based in the eastern province of Chon Buri, according to local media. The firm, registered to trade digital assets, is suspected of stealing electricity. Preliminary estimates put losses at hundreds of millions of baht (millions of dollars). An employee told police the power theft took […]

AI translated

ForkLog 15 14.11.2024

Changpeng Zhao and Vitalik Buterin Delve into DeSci

Former Binance CEO Changpeng Zhao (CZ) and Ethereum co-founder Vitalik Buterin participated in a meeting of DeSci entrepreneurs in Thailand. CZ shared a corresponding photo on X. Learning at a small gathering of DeSci entrepreneurs organized by Labs. pic.twitter.com/ebiaI0uRoJ — CZ ? BNB (@cz_binance) November 13, 2024 In the thread, he mentioned that the event […]

AI translated

ForkLog 15 12.11.2024

Ukrainian Forced to Transfer 250,000 USDT in Thailand

A 23-year-old Ukrainian, Vyacheslav Leibov, fell victim to an armed assault on the island of Phuket, Thailand. The assailants were interested in the victim’s cryptocurrency, according to local media. On the evening of November 8, Leibov visited a hotel room belonging to his friend, 18-year-old Alfred Chernyshuk. Also present in the room was 21-year-old Arman […]

AI translated

ForkLog 12 26.08.2024

Thai Authorities Shut Down Illegal Bitcoin Farm Amid Power Outages

Authorities in Thailand conducted a raid on an illegal mining operation following residents’ complaints about frequent power outages, as reported by SCMP. On August 23, police and provincial officials searched a house in the city of Ratchaburi, the administrative center of the province of the same name. “We found bitcoin mining rigs, indicating that people […]

AI translated

ForkLog 9 23.08.2024

Founder of MBI Group Crypto Pyramid Extradited to China

On August 20, Thai law enforcement handed over Zhang Moumou, the founder of the cryptocurrency pyramid scheme MBI Group, to Chinese authorities. This was reported by Chinese media. According to journalists, this marks the first successful extradition of a suspect in economic crimes from Thailand to China. MBI Group had been operational since 2012. Victims […]

AI translated

ForkLog 7 29.04.2024

Thai Regulator Warns Bitcoin Exchanges Against Misleading Advertising

The Securities and Exchange Commission (SEC) of Thailand has reminded active cryptocurrency exchanges of the need to adhere to established advertising standards, according to the Bangkok Post. The regulator is concerned about the “special privileges” platforms offer to registered users. Authorities believe marketing campaigns should not push clients towards using the exchange’s services or investing […]

AI translated

ForkLog 22 22.04.2024

Thailand to Block Unauthorized Cryptocurrency Platforms

The Securities and Exchange Commission (SEC) of Thailand will forward information about unauthorized cryptocurrency platforms to a higher authority for subsequent blocking. This is stated on the regulator’s website. The decision was made on April 19 at a meeting of the government committee on preventing technology-related crimes. Local access will be restricted by the Ministry […]

AI translated

ForkLog 11 15.04.2024

Phuket Court Sentences Russians for Cryptocurrency Kidnapping

The Provincial Court of Phuket has sentenced five Russians to prison for the abduction of a Belarusian couple, aiming to extort 31 million baht (approximately $845,700) in cryptocurrency. This was reported by the Bangkok Post. The defendants, who initially denied involvement in the attack, fully confessed during the investigation. Each received a two-year prison sentence […]

AI translated

#Thailand