Thailand Crypto News

Tether is deeply intertwined with Bitfinex. The two firms have a common CEO, CFO and general counsel, as per a WSJ report.

Digital asset providers in Thailand are required to have contingency plans in case of events that compromise their digital wallets.

The SEC said that Zipmex could have unduly operated as a fund manager by offering its ZipUP earn products.

G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.

BMW onboarded Coinweb in order to adopt a decentralized and efficient architecture and BNB chain to help settle its every transaction.

Asia currently holds 7.3% of the total Bitcoin supply as market moves inversely to the West

Hong Kong Monetary Authority published a report to announce its CBDC project, mBridge's key accomplishments, use cases, and areas of improvement.

Sweden's Riksbank teamed up with BIS, along with the central banks of Israel and Norway to test the use of Sweden's CBDC "e-krona", results will be published in a report by the first quarter of 2023.

Thailand's SEC has increased its regulatory oversight over the crypto space since the crypto market crash, focusing on protecting traders.

Thailand's SEC has accused Zipmex and its CEO Eklarp Yimwilai of failing to submit complete information about transactions and wallets holding customers' asset prior to withdrawal freeze.

The lender, which returned all SOL, XRP and ADA tokens to users over the past week, will allow withdrawal of up to 0.0045 BTC from Aug. 16.

Zipmex said that it is working to recover funds from Babel Finance and has signed a MOU with two investors to fully re-enable withdrawals.

Users affected by Zipmex’s withdrawal freeze were requested to provide feedback to Thailand's SEC, as Zipmex faces a liquidity crisis from exposure to Celsius and Babel Finance.

In a now deleted stated, Zipmex said its exposure to Babel Finance was $48 million while that to Celsius Network was $5 million.

Thailand Secuirites and Exchange Commission (SEC) issued to ban digital assets from being used to pay for goods and services from April 1st.

The findings of a broad global survey of internet users aged 16-64 revealed cryptocurrencies are more than just “catching on.”

Thailand’s government has been forced to cancel its 15% crypto tax regime.

Thai authorities will be closely monitoring the usage of cryptocurrency as means of payment for goods and services, gauging its impact on the country's financial ecosystem.