Thailand | ForkLog

ForkLog 9 25.08.2022

Thai SCBX pulls out of Bitkub acquisition for $500 million

The SCBX Group financial conglomerate has pulled out of the deal to acquire the Bitkub cryptocurrency exchange for $500 million. The owner of Thailand's oldest bank, Siam Commercial Bank, cited regulatory reasons, Kaohoon reports.

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ForkLog 8 05.08.2022

Thailand sets timeline for CBDC pilot project launch

The Bank of Thailand will launch a pilot project to test a retail CBDC. According to the regulator's statement, the limited-scale tests will take place in the private sector.

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ForkLog 14 21.06.2022

Thai bitcoin investor robbed a jewellery store over losses on the crypto market

Bangkok police arrested a suspect in the jewellery-store robbery worth around 1.8 million baht (more than $50,000). It is reported that he intended to compensate for losses from bitcoin investments.

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ForkLog 19 16.06.2022

Thai regulators revoke Huobi’s crypto exchange license

Huobi's bitcoin exchange operator closes its Thailand unit after the Ministry of Finance revoked its license.

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ForkLog 6 13.06.2022

In December, Thailand will host the second WOW MetaVentures Bangkok summit on metaverses.

On 14–15 December in Bangkok, the second international summit WOW MetaVentures Bangkok, dedicated to metaverses, NFTs and biotech, will take place.

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ForkLog 9 01.06.2022

Taiwanese nationals arrested in Bangkok over cryptocurrency fraud scheme

Thai police arrested six Taiwanese residents in Bangkok. Investigators say they duped more than 500 people in a cryptocurrency investment fraud.

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ForkLog 8 27.05.2022

Thailand extends VAT exemption for cryptocurrency transfers through the end of 2023

The Thai government has exempted transfers of digital assets involving licensed cryptocurrency exchanges from value-added tax. The rule will be in effect through the end of 2023, according to the Bangkok Post.

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ForkLog 10 18.04.2022

Binance to launch a regulated Bitcoin exchange in Thailand

Binance has formed a joint venture with Gulf Energy Development, the Thai billionaire Sarath Ratanavadi's company, which will apply for a cryptocurrency exchange licence in Thailand.

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ForkLog 16 23.03.2022

Thailand to ban use of cryptocurrencies in payments

From 1 April 2022, businesses in Thailand were advised to stop accepting payments in digital assets. This requirement is contained in the notice by the local Securities and Exchange Commission (SEC) following a joint study with the central bank.

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ForkLog 8 15.03.2022

Blockchain enthusiast announces metaverse summit on Phuket

From May 7 to 9, an international MetaVentures Phuket summit on the Thai island of Phuket will focus on the latest developments in metaverses, NFTs and DeFi.

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ForkLog 19 08.03.2022

Thai agencies study cryptocurrency payments for Russian tourists

Phuket Tourism Association (PTA) and the Bank of Thailand are studying the possibility of cryptocurrency payments for Russian tourists amid financial sanctions on the country over its invasion of Ukraine. The Nation Thailand reports.

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ForkLog 14 01.02.2022

Thailand drops plan for 15% tax on cryptocurrency trades

Thai authorities abandoned plans to levy a 15% income tax on cryptocurrency transactions. This followed warnings from industry representatives about the detrimental impact such a move could have on the sector's potential, the Financial Times reports.

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