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“# Thai bank’s venture arm invests in institutional crypto custodian Anchorage ” Just last month, SCB 10X — the venture arm of Siam Commercial Bank — had announced its new $50 million fund dedicated to investments in global blockchain, decentralized finance and digital asset startups. The banking institution is Thailand’s oldest bank, established by royal charter…
“# Thailand’s largest movie theater chain accepts Bitcoin ” Major Cineplex Group, the largest operator of movie theaters in Thailand, has reportedly enabled some of its customers to buy tickets with cryptocurrencies like Bitcoin (BTC). According to a Thursday report by local news agency Siam Rath, Major Cineplex has announced the launch of its cryptocurrency…
“#Tourism groups in Thailand petition to reopen country to international travelers” Thailand’s tourism sector wants to reopen the country to visitors this summer. On Tuesday, tourism groups in Thailand launched the #OpenThailandSafely campaign, asking the country to allow travelers with proof of a COVID-19 vaccine into the country without quarantine requirements by July 1. “As Thailand is starting to vaccinate…
“# Thai SEC forced to clarify proposed crypto rules after public backlash ” Thailand’s Securities and Exchange Commission has walked back previous plans to enact a 1 million baht (about $33,000) minimum annual income requirement for crypto investment in the country. According to a report by the Bangkok Post on Tuesday, the Commission has clarified…
“# Thai SEC consults public on crypto investor income rules ” The Securities and Exchange Commission of Thailand has launched a public consultation on proposed cryptocurrency investor qualification rules. According to an official announcement Thursday, the Thai SEC is now seeking public comments on proposed qualifications for crypto investors including certain income and trading experience…
“# Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain ” Several major banks across Asia have joined forces to construct a cross-border central bank digital currency, according to a joint announcement issued on Feb. 23. Dubbed the Multiple Central Bank Digital Currency Bridge — or m-CBDC — the project sees the Hong…
“# Thailand tourism board targets wealthy Japanese crypto holders ” In its latest effort to revive the Kingdom’s pandemic-battered tourism industry, Thailand’s tourism authority is targeting cryptocurrency holders from Japan. The Tourism Authority of Thailand (TAT) wants to establish the country as the first to go out of its way to welcome cryptocurrency holders, specifically…
“# Thai SEC schedules hearings to address crypto investor qualifications ” A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public hearing this month to address specific requirements for investors that want to open a crypto…
“# Thai finance minister critical of current crypto speculative surge ” Thailand’s booming cryptocurrency trading market is causing some concern for government officials. According to Bloomberg, Arkhom Termpittayapaisith — the country’s finance minister — has warned that the ongoing crypto speculative mania could have dire implications for Thailand’s capital market. The finance minister issued the…
“# Major Thai bank’s venture arm sets up $50M fund to invest in blockchain, DeFi ” Siam Commercial Bank — Thailand’s oldest bank, established by royal charter back in 1907 — is cementing its reputation as a strong backer of innovative financial technologies. The institution’s venture arm, SCB 10X, has today announced a new $50…