Thai authorities arrest five in 3,200-victim, $27M crypto scam
Victims lost over $27 million worth of Thai bhat after investing in a fraudulent cryptocurrency investment platform.
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Thailand’s Parliament Picked a Pro-Crypto Prime Minister
The government of Thailand voted in favor of Srettha Thavisin (candidate of the Pheu Thai Party) to become the country’s next Prime Minister. The 61-year-old has interacted with the cryptocurrency…
Thailand’s next prime minister Srettha Thavisin has crypto history
Sansiri, one of the largest real estate firms in Thailand, once had Srettha Thavisin as CEO. The firm is known for backing crypto projects like XSpring.
Thailand Could Shut Down Facebook (Meta) Over Crypto Scam Allegations
Thailand’s Minister of Digital Economy and Society (DES) said he might propose to the court to close Meta (previously known as Facebook) to aid the investing of financial scams, including…
Thailand threatens Facebook over crypto scams and other fraudulent ads
Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams.
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
Thai SEC bans the use of customer crypto assets for lending and investment
Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy.
Thailand launches retail CBDC pilot with 2 banks and Singapore payment service
The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.
Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023
Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange.
$15 Billion Airdrop? That’s What Thailand’s Opposition Party is Promising
Thailand’s main opposition party is promising an airdrop of about 500 billion baht (around $15 billion) in cash within months of its coming to power. The party official said that…
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