Thailand | ForkLog

ForkLog 11 05.04.2024

Russian Arrested in Thailand for Illegal Cryptocurrency Exchange

Thai police have arrested a 36-year-old Russian national, Ibragim Gaitukiev, for illegally providing cryptocurrency exchange services, according to the Bangkok Post. The publication reports that the man was identified through online advertisements. The phone numbers listed in the ads, registered on WhatsApp, were linked to bank accounts belonging to Gaitukiev and his partner, Maxim Varyukhin. […]

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ForkLog 15 09.02.2024

Thai Regulator Accuses Former Zipmex CEO of Corruption and Fraud

The Securities and Exchange Commission (SEC) of Thailand has accused former Zipmex CEO Akalarp Yimwilai of fraud and misleading clients. According to the regulator’s investigation, the exchange transferred user funds stored in the platform’s Z Wallet to other addresses, notifying clients of the transactions only after the fact. “We believe that the Thai division of […]

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ForkLog 7 07.02.2024

Thailand Abolishes VAT for Cryptocurrency Trading

Thailand’s Ministry of Finance has announced the removal of value-added tax (VAT) on cryptocurrency trading, reports the Bangkok Post. The ministry aims to transform the country into a hub for digital assets and promote them as an alternative tool for capital attraction. The authorities also expect that this decision will support the growth of the […]

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ForkLog 9 02.02.2024

Thai Regulator Orders Zipmex to Halt Operations

The Securities and Exchange Commission (SEC) of Thailand has mandated the cryptocurrency exchange Zipmex to suspend trading of digital assets and brokerage services. ก.ล.ต. สั่งการให้ Zipmex ระงับการให้บริการเป็นศูนย์ซื้อขายและนายหน้าซื้อขายสินทรัพย์ดิจิทัลชั่วคราวhttps://t.co/N0cCYvcASM — ThaiSEC_News (@ThaiSEC_News) February 2, 2024 On January 12, the SEC required the platform to make changes to its structure for maintaining and managing liquid capital. However, at […]

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ForkLog 24 02.02.2024

Five Russians in Thailand Suspected of Extorting $900,000 in Cryptocurrency

Police in Phuket province have issued arrest warrants for five Russians suspected of abducting a married couple to extort cryptocurrency. This was reported by the newspaper Bangkok Post. A family from Belarus, who fell victim to the attack, approached law enforcement. The incident occurred on January 29. They were returning from a store on a […]

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ForkLog 11 16.01.2024

Binance Launches Cryptocurrency Exchange in Thailand

Cryptocurrency exchange Binance has commenced full operational activities of its trading and brokerage platform in Thailand, according to a report by The Block, citing a company statement. Upon registering with Binance TH, users can buy and sell crypto assets using the local currency. The local exchange is managed by Gulf Binance, a joint venture between […]

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ForkLog 14 16.11.2023

Binance and Gulf Energy Granted Approval to Launch Exchange in Thailand

Binance is preparing to expand into Thailand by launching a joint trading platform with Gulf Energy's unit of billionaire Sarath Ratnavandi.

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ForkLog 11 30.10.2023

KBank acquires Thai crypto exchange for $102.8 million

Kasikorn Bank (KBank), the second-largest by assets in Thailand, acquired a 97% stake in the parent company of Satang, the operator of the local bitcoin exchange.

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ForkLog 8 28.09.2023

Thai court extends detention of Russians suspected of money laundering on Binance

Russian nationals Daniil Aldunenko and Roman Brik, detained in Thailand on suspicion of cryptocurrency-related fraud, have had their detention extended until December 5.

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ForkLog 13 19.09.2023

Man shoots wife during dispute over Bitcoin investments

A domestic quarrel between 35-year-old Thai resident Utai Kritsada and his wife over unsuccessful investments in the first cryptocurrency escalated into a confrontation with police.

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ForkLog 7 14.09.2023

KBank launches $100m AI- and Web3-focused fund

Kasikorn Bank (KBank), through its subsidiary Kasikorn Business Technology Group, established a $100 million fund that will invest in startups focused on AI and Web3.

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ForkLog 10 11.09.2023

Five foreigners arrested in Thailand over a $27 million cryptocurrency scam

Thai authorities arrested five foreign nationals for organizing a cryptocurrency investment scam.

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