The main suspect in a Bitcoin fraud case in Thailand was detained at a Bangkok airport after being on the lam for 2 months. Thai citizen Prinya Jaravijit, who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok, the Bangkok Post reports Friday, […]
Continue Reading
The Foreign Ministry of Thailand has invalidated the passport of an alleged Bitcoin scammer, rendering him unable to return to his home country for prosecution. The Foreign Ministry of Thailand has revoked the passport of an alleged crypto scammer, which has reportedly rendered him unable to return to his home country for prosecution, the Bangkok […]
Continue Reading
Thai officials will conduct blockchain feasibility studies, aiming to apply the technology for digital IDs, smart contracts, and even rice export. The Thai Ministry of Commerce has begun to conduct feasibility studies on the use of blockchain in copyright, agriculture, and trade finance, English-language Thai newspaper Bangkok Post reports Tuesday, Oct. 9. A Thai official […]
Continue Reading
Visa is expanding the testing of its B2B payments technology, B2B Connect, into Thailand, according to reports. The Nation reported that B2B Connect is now being piloted by Thailand’s largest bank Kasikornbank. “Visa is proud that we have representation from a Thai financial institution in the pilot program,” said Visa Thailand Country Manager Suripong Tantiyanon in […]
Continue Reading
Part of the volatility of Bitcoin and other cryptocurrencies may be attributed to regulatory concerns in the US and around the world. The SEC in the US is on a path towards clarity, and institutional investors are entering the market. On the other side of the world, Thailand regulators also appear to be making moves […]
Continue Reading
On July 16, the Thailand Securities and Exchange Commission (SEC) will put new rules on ICO licensing into effect. According to their announcement, ICOs will be allowed to operate in a regulated environment. Any company that wishes to launch an ICO in Thailand must file an application with the SEC. Upon approval, they will be […]
Continue Reading