Thailand | ForkLog

ForkLog 13 26.07.2021

Opinion: DeFi cannot be fully regulated

DeFi requires a regulatory framework to integrate with the traditional financial industry, but the sector cannot be fully regulated. This is the view of Dr. Arak Sutivong, CEO of SCB 10X, the venture arm of Siam Commercial Bank.

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ForkLog 5 09.07.2021

BoT warns of risks linked to Bitcoin payments.

The Bank of Thailand reminded that cryptocurrencies are not legal tender in the country and warned of regulatory measures if they become widespread.

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ForkLog 5 06.07.2021

Media reports a lawsuit against Bithumb following the closure of its Thailand subsidiary

An unnamed company from Thailand is preparing to file a lawsuit against Bithumb's Hong Kong subsidiaries. The Korea Times reports this.

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ForkLog 18 02.07.2021

Thailand accuses Binance of operating without a license

The Thai Securities and Exchange Commission said that Binance was operating in the country without a license. The regulator filed a criminal complaint with the national police's anti-economic crimes division.

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ForkLog 8 15.06.2021

Thailand bans trading of Dogecoin and NFTs

The Thai Securities and Exchange Commission (SEC) banned local exchanges from trading meme cryptocurrencies, fan tokens, and NFTs.

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ForkLog 9 01.06.2021

Thai authorities weigh regulation of the DeFi sector

The Securities and Exchange Commission of Thailand (SEC) is considering regulating the decentralised finance (DeFi) sector, according to the agency’s website.

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ForkLog 8 03.05.2021

Thailand to tighten registration requirements for crypto exchanges

Thai cryptocurrency exchanges will be required to scan chips embedded in citizens' identification cards when opening new accounts.

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ForkLog 38 21.04.2021

PwC: Bahamas and Cambodia Lead CBDC Development Ahead of China

Bahamas and Cambodia lead CBDC development, ahead of China, according to PwC.

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ForkLog 7 02.04.2021

Bank of Thailand to begin retail CBDC testing

The Bank of Thailand will begin testing a retail CBDC in the second quarter of 2022. It will be fully rolled out within the next 3-5 years.

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ForkLog 9 19.03.2021

Thai central bank to regulate stablecoins

By the end of 2021, the Bank of Thailand plans to adopt rules on stablecoins, according to the assistant to the bank's head. Reuters reports.

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ForkLog 9 11.03.2021

Thailand’s largest cinema chain begins accepting Bitcoin

Thai cinema chain Major Cineplex Group has launched a pilot project that will allow moviegoers to pay for tickets with cryptocurrency. Local media report this.

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ForkLog 8 25.02.2021

People’s Bank of China and UAE central bank join Hong Kong–Thailand CBDC bridge project

The Hong Kong Monetary Authority and the Bank of Thailand announced the joining of the People’s Bank of China (PBOC) and the Central Bank of the UAE to the second phase of the CBDC Bridge project. The project was previously known as Inthanon-LionRock. Under the initiative, a proof of concept will be developed for using distributed ledger technology in real-time cross-border multi-currency payments. The creators of the new 'bridge' plan to expand the project by attracting more monetary regulators, primarily from Asia. Organisers expect that, through joint efforts, cross-border transfers will be more efficient, cheaper, and less complex in terms of regulatory compliance. If successful, the 'bridge' could be used in international trade settlements and capital market operations. Earlier, the HKMA and the Bank of Thailand had determined that the CBDC would be based on {{AOPEN_1}}a solution based on the second-largest cryptocurrency by market capitalization{{ACLOSE_1}}, and their partner would be the Ethereum studio ConsenSys. In December, ForkLog reported that the HKMA was discussing with the PBOC {{AOPEN_2}}testing the digital yuan in cross-border payments{{ACLOSE_2}}.

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