Thailand Crypto News

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.

Thailand has revealed a new crypto tax regime that would see players in the space pay 15% of crypto tax gains.

Small investors in Thailand are putting unused mining rigs from China to use.

Following the ReDeFiNE Tomorrow virtual conference, SCB 10X revealed future plans for DeFi/traditional finance integration.

Authorities said such offerings had “no clear substance” or “underlying value” and gave local exchanges 29 days to delist the tokens.

The volatile launch of a new Thai yield farming platform has drawn the regulator's attention to DeFi.

The country is introducing stricter laws for crypto businesses as it embraces the space.

DeFi projects have enjoyed massive growth over the past year. And some institutions don’t want to be left behind.

Late on June 1, Thailand’s high-flying OmiseGo rebranded to OMG Network.

The Siam Commercial Bank (SCB), the largest commercial bank in Thailand, retracted a statement about using Ripple’s XRP token.

Thirty people in Bangkok filed complaints with Thailand’s Technology Crime Suppression Division after they were allegedly scammed by cryptocurrency cloud mining company CryptoMining.Farm, the Bangkok Post reported.

Elevated Returns, a pioneer of Trophy Real estate Tokenization, has recently announced a partnership with Securitize, a compliance platform, and protocol for issuing and managing digital securities on the blockchain.