A fundamental trait of crypto is as an asset class that transcends jurisdictions. Yet, one of the key hubs driving adoption and innovation is Asia. Since the heady days of Korea’s …
MoreTag: Thailand
Thailand has just axed the 15% tax on cryptocurrency
Thailand’s revenue department has decided to drop the 15% tax levied on cryptocurrency. This is a piece of positive news for the cryptocurrency industry that’s progressing by the minute. The decision …
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Thailand aims to attract crypto investors to revive the battered tourism industry
The state tourism department is targeting “newly-minted crypto millionaires” as it attempts to breathe life into its decimated tourism industry. As reported by Bloomberg last week, TAT governor Yuthasak Supasorn is teaming …
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Largest Thailand retail company trials its own crypto as payment means in its malls
Bloomberg has reported that Central Retail Corp., the largest developer of shopping centers in Thailand, is launching tests of its own crypto to be used by its staffers in the company’s …
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The SEC of Thailand issues license to Ethereum-based real estate project
The Securities Exchange and Commission of Thailand has a license to an asset-backed token offering service based on the Ethereum blockchain. Fraction, a wholly owned subsidiary of the Hong Kong-based …
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Miss Universe Thailand 2021 will be the world’s first NFT beauty pageant
The upcoming Miss Universe Thailand 2021 pageant will be the first to feature NFTs as part of the competition. The pageant has teamed up with Bitkub Capital Group Holdings, a Thai cryptocurrency exchange aimed …
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Why Thailand’s oldest bank is bullish on DeFi. Let’s find it out
Mukaya “Tai” Panich, Chief Venture and Investment Officer of Siam Commercial Bank’s venture arm SCB 10X, imagines a world in which decentralized finance (DeFi) powers the back-end of traditional finance …
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Bank of Thailand promotes blockchain in new guidelines
Thailand’s central bank yesterday published guidelines to regulate and promote the use of blockchain technology in the financial sector. Released by Siritida Panomwon Na Ayudhya, assistant governor of the payment systems policy …
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Bank of Thailand intends to regulate stablecoins, says bank official
This latest development was revealed by the Central Bank’s assistant governor, Siritida Panomwon Na Ayudhya on Friday. Siritida said in a briefing that the apex bank was in talks with market regulators …
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Thai bank’s venture arm to invest in institutional crypto custodian Anchorage
Just last month, SCB 10X — the venture arm of Siam Commercial Bank — had announced its new $50 million funds dedicated to investments in global blockchain, decentralized finance, and digital …
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