Myanmar’s Central Bank Warns Public Not to Use Crypto After Series of Scams Reported

The Central Bank of Myanmar has received reports of several scams targeting consumers who lack understanding about crypto. The Central Bank of Myanmar has urged consumers to stop trading cryptocurrencies amid fears that inexperienced users could lose money, Southeast Asian news outlet The Irrawaddy reported on May 3. In a statement obtained by the website, the central […]

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Thai SEC Deputy Secretary: New Regulation Allows for Digital Shares, Tokenized Securities

Tipsuda Thavaramara said that recent regulatory amendment allows for digital shares and tokenized securities depositories. The Thai Securities and Exchange Commission (SEC) deputy secretary-general Tipsuda Thavaramara has said that the recently introduced regulation allows for the issuance of digital shares and a tokenized securities depository platform. English-language local media Bangkok Post reported the declarations on […]

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Thailand’s Largest Commercial Bank and State Oil Company Trial Blockchain Payments

Thailand’s largest commercial bank SCB and state oil company PTTEP have successfully tested blockchain use. Thailand’s largest commercial bank, Siam Commercial Bank (SCB), and state oil company PTT Exploration and Production Public Company Limited (PTTEP) performed a successful test of blockchain use for cross-border business-to-business payments. The bank recently announced the successful pilot on its […]

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Telecoms Giant NTT’s Thai Unit Plans to Launch Blockchain, AI, IOT Innovation Lab

The Thai subsidiary plans to launch a major innovation lab focused on blockchain, artificial intelligence and internet of things technology. Telecoms giant NTT Corporation’s Thai subsidiary plans to launch a major innovation lab focused on blockchain, artificial intelligence and internet of things technology. Thai English-language newspaper the Bangkok Post reported on the development on April […]

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Western Union Partners With E-Wallet Coins.ph for Cross-Border Remittances

Payments giant Western Union will integrate the Coins.ph blockchain-based platform, enabling Filipinos to conduct cross-border money transfers. American financial services company The Western Union Company has partnered with Philippines-based e-wallet provider Coins.ph to enable Filipinos to conduct cross-border money transfers. The development was announced in a press release published on April 3. Within the collaboration, […]

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Thai, Myanmar Central Bank Governors Endorse Blockchain Remittance Service

Veerathai Santiprabhob, the Central bank governor of Thailand, reportedly defined the Ethereum-based remittance system as an important step. The governors of two central banks endorsed the Ethereum (ETH)-based remittance system developed by blockchain company Everex, the firm reported in a press release shared with Cointelegraph today, April 5. The service is set up to send […]

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