Thai SEC approves four crypto firms despite Zipmex woes
Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals.
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Thai SEC launches digital hotline for Zipmex users
The investors affected by Zipmex's withdrawals' pause can submit information about their losses via an online forum on the Thai SEC’s official website.
Zipmex resumes withdrawals for trade wallets
The crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.
Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules
The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto…
Huobi crypto exchange wins licenses in Dubai and New Zealand as Thai affiliate closes
Huobi cryptocurrency exchange is expanding its global footprint by winning its first-ever licenses in Dubai and New Zealand.
Huobi to permanently shut crypto operations in Thailand
Huobi Thailand failed to fix system issues despite several extensions given by the Thai SEC.
Thailand Exempts Crypto Transfers From VAT Until End of 2023
Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will…
Study: Switzerland Has ‘the Most Profitable Bitcoin Traders’ Worldwide, While France ‘Is the Best Bitcoin Trading Nation’
According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from…
Gulf Energy pursues joint venture with Binance, invests in BNB
The Bangkok-based holding company has identified digital infrastructure and “digital-asset related initiatives” as priority areas.
Thailand Adopts Rules Restricting Cryptocurrency Payments From April
Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only…
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