Showing 1 - 10 of 14
Bitcoin declines 20% amid trade, stagflation woes
Business, Nuntawun Polkuamdee, Published on 17/04/2025
» Ongoing trade tensions and stagflation fears pushed the price of Bitcoin, the world's most popular cryptocurrency, to drop 20% in the first three months this year, with further weakness expected in the second quarter, say analysts.
New standards for mule accounts
Business, Nuntawun Polkuamdee, Published on 19/03/2025
» The Securities and Exchange Commission (SEC) has worked with the Thai Digital Asset Operators Trade Association (TDO) and digital asset businesses to issue a new industry standard, aiming to crack down on digital asset mule accounts.
Binance trumpets baht-backed stablecoins
Business, Nareerat Wiriyapong, Published on 07/02/2025
» The government should consider issuing stablecoins backed by the baht for use within the country, including the proposed Phuket crypto sandbox, as fiat-backed stablecoins are less volatile than other digital assets, notably Bitcoin, says the Thai unit of Binance.
Finance Ministry prepares stablecoin sandbox project
Business, Published on 31/01/2025
» The Finance Ministry is set to introduce a stablecoin backed by government bonds, with an initial rollout in a sandbox to test its feasibility, seeking to modernise Thailand's capital market and promote the digital economy, says Finance Minister Pichai Chunhavajira.
Is USDT used for money laundering?
Business, Nuntawun Polkuamdee, Published on 09/11/2024
» At the peak of investigations into iCon Group's alleged fraud late last month, the Anti-Money Laundering Office checked the money trail of 247 million USDT, a cryptocurrency, worth more than 8 billion baht, suspecting the direct sales firm laundered funds through the popular stablecoin.
SEC issues laundering alert
Business, Published on 30/10/2024
» The Securities and Exchange Commission (SEC) has issued a directive to digital asset operators under its supervision, urging them to file suspicious transaction reports to combat money laundering.
Gulf presents plan for energy, digital asset and virtual bank
Business, Published on 21/03/2024
» Gulf Energy Development, one of Thailand's largest private power producers, has outlined strategies to expand to digital asset exchange and virtual banking businesses, while continuing to build its key energy segment.
Explainer: The lowdown on the Zipmex situation
Business, Janine Phakdeetham, Published on 27/07/2022
» Analysts have commented on the implications on investor confidence and markets following Thailand's major digital asset exchange platform Zipmex's announcement of a memorandum of understanding (MoU) with interested parties.
Investors urged to be wary of digital assets
Business, Nuntawun Polkuamdee, Published on 02/06/2022
» A local cryptocurrency industry leader recommends suspending investment in digital assets as he expects the global market to face intense volatility in the near term from rate hikes and monetary policy tightening.
The curious case of Binance
Business, William Hicks, Published on 02/08/2021
» Despite Thai regulators filing a criminal complaint this month against Binance -- the world's largest digital asset exchange -- for operating without a licence, many users are determined to keep trading on the site and doubt the government's ability to prevent them from doing so.