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“# Thai crypto adoption is booming, with volume up 588% since November ” Crypto adoption appears to be booming in Thailand, with the local Securities and Exchange Commission, or SEC, estimating domestic crypto volumes have increased by nearly 600% since November. Data compiled by the Thai’s SEC and published by Bloomberg indicates combined volume across…
“# Bank of Thailand to begin central bank digital currency tests in 2022 ” The Bank of Thailand has set its agenda for a retail central bank digital currency with preliminary testing protocols scheduled to begin in Q2 2022. Thailand’s central bank made this known in a press release issued on Friday calling for public…
“# Thai SEC says investors should have crypto trading experience ” Thailand’s Securities and Exchange Commission has clarified its guidelines to stipulate that those trading cryptocurrencies in the country should have some foundational knowledge. In a Facebook Live video from the Thai SEC today, secretary-general Ruenvadee Suwanmongkol said the regulatory body’s proposed guidelines now say…
“#Obese monkey ‘Godzilla’ fat-shamed into rehab” A chunky monkey in Thailand is getting a much-needed health cleanse. The 3-year-old primate, aptly named Godzilla, had been spotted in the Min Buri district of Bangkok, where diners at a streetside eatery would gather to catch a glimpse of the massive macaque — and feed him junk food,…
“#Thailand plans quarantine-free entry for vaccinated tourists” BANGKOK — Thailand plans to allow vaccinated foreigners to visit the southern resort island of Phuket without quarantining on arrival in a step toward reviving the country’s big but battered tourism industry. Starting in April, the country also is shortening the quarantine period for arrivals from abroad to…
“# Are emerging markets missing out on DeFi due to gas fees? ” Despite grand visions of enabling farmers in Vietnam access to the world of global finance via Decentralized Finance, emerging markets could represent as little 10% of visitors engaging with the top DeFi DApps. Proponents have long hoped crypto and DeFi would allow…
“#Thai police use tear gas and other means to disband protests” BANGKOK — Scores of people were injured and arrested in the Thai capital after police used water cannons, tear gas and rubber bullets Saturday night to break up a rally by pro-democracy protesters calling for the release of detained activists, constitutional changes and reform…
“# Bank of Thailand plans to regulate asset-backed stablecoins this year ” The Bank of Thailand, or BoT, is upping its game on the stablecoin front. This week, the institution had warned citizens that Thai Baht Digital (THT), a baht-pegged stablecoin issued by the South Korean firm Terra, has no legal assurances or protection and…
“# Thailand’s central bank warns against ‘illegal’ THT stablecoin ” The Bank of Thailand has issued a stern warning against a privately issued stablecoin pegged to the national currency, the Thai Baht. According to a Bangkok Post report on March 18, the central bank has told citizens that Thai Baht Digital (THT) has no legal…
“# Thailand’s crypto market seeks clearer regulations as industry interest peaks ” Thailand currently lays claim to one of the more regulated crypto trading markets in the world, with exchanges having to adhere to strict regulatory standards. For example, at the start of the year, Bitkub, the country’s largest cryptocurrency exchange, was shut down by…