Thailand | ForkLog

ForkLog 18 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 […]

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ForkLog 39 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 […]

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ForkLog 26 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 […]

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ForkLog 32 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 26 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 11 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 18 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 41 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 28 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 18 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 20 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 17 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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