Showing 1 - 10 of 21
More ‘grey money’ channels targeted
Somruedi Banchongduang, Published on 13/01/2026
» The Bank of Thailand has expanded its role to cover “grey money” inspections as part of efforts to address structural problems in the country’s economy and financial sector.
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, Nuntawun Polkuamdee and Wichit Chantanusornsiri, 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.
Bitcoin even more buoyant
Nareerat Wiriyapong, Published on 09/12/2024
» Bitcoin topped US$100,000 for the first time on Dec 5, jumping drastically from roughly $69,000 the day before the US presidential election about a month earlier.
Traders expect Bitcoin bull run in 2025
Nuntawun Polkuamdee, Published on 25/11/2024
» Traders are expressing optimism that Bitcoin could nearly double the current price of $98,000 to hit $180,000 if the Federal Reserve continues to cut US interest rates next year and demand from institutional investors increases significantly.
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, NUNTAWUN POLKUAMDEE and Wichit Chantanusornsiri, 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.
Laundering challenges grow in crypto world
Bloomberg News, Published on 11/07/2024
» Suspect digital wallets have distributed close to $100 billion in illicit funds across the cryptocurrency market since 2019, flows that often touch popular stablecoins and centralised exchanges, according to a new report.