Thai lawmakers urged to approve tourism crypto to entice digital nomads
The rollout of the Tourism Authority of Thailand’s TAT Coin is coming closer to fruition, and is now awaiting government approval according to local figures.
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Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in…
Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub
CEO Arthit Nanthawittaya said the acquisition was based on the growth of businesses in the digital asset space over the last 2 years and the expected value in the long…
Thai Prime Minister Cautions Investors Getting Into Crypto as Interest in Digital Assets Soars
The prime minister of Thailand has cautioned investors getting into cryptocurrencies, noting that they are volatile and highly speculative. Recently, interest in cryptocurrencies has soared as young investors in the…
Asian CBDC projects: What are they doing now?
Governments in Asia are quickly researching or implementing CBDCs. What does this mean for the region’s overdependence on the U.S. dollar?
‘Faster and Cheaper Cross-Border Transfers’ — Banking Report Led by BIS Highlights the Benefits of Cryptocurrency
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the…
Thailand to Develop ‘Cryptourism,’ Considers Issuing Utility Token
In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a…
Thailand’s tourism authority is considering creating its own utility token
The proposed TAT Coin will enable tourism operators to cash in on the popularity of cryptocurrencies.
Thai SEC issues license to Ethereum-based real estate project
The firm uses the Ethereum blockchain to allow traders to invest as little as $150 in expensive real estate properties.
Thai SEC intends to revoke operating license of Huobi crypto exchange
Huobi's operations in Thailand have been suspended by local authorities after it allegedly failing to comply with local regulations.