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“# Thai SEC proposes new rules for digital asset custodians ” The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns. On Wednesday, the Thai SEC proposed a set of additional regulations related to custody of investors’ cryptocurrency holdings held by digital asset business operators. The…
“#Tiny sea turtle rescued with 158 pieces of plastic in gut” A helpless baby turtle is recovering after having its tiny stomach pumped of plastic. Rescuers counted 158 individual shreds inside the turtle’s belly, a total of 60 grams of plastic, according to Vice World News. The Bangkok Post has also said the turtle is…
“# Thailand’s central bank outlines safeguards for a future retail CBDC ” The Bank of Thailand has published the results of a new study into how to manage the implications of issuing a retail central bank digital currency (CDBC) for the country’s financial sector. As distinct from a wholesale CBDC, which is limited to use…
“# Stellar blockchain remittance corridor to power Thailand–Europe payments ” Cross-border remittance currently stands as one of crypto’s best use cases that will thrust it into mainstream finance. Running parallel to this trend, a new partnership between Velo Labs and two financial institutions has now resulted in a $17-billion remittance corridor between Europe and Thailand. …
“#Penguins missing visitors at locked-down Thai Zoo: Keepers” CHONBURI, Thailand, Aug 5 – The flip flop sound of penguin feet rang out at an empty zoo in Thailand on Thursday as a parade of birds waddled out of their enclosure for their daily splash in a pool to keep them healthy during a COVID-19 lockdown. Thailand is fighting its…
“# Cambodia explores cross-border transactions of CBDC-like Bakong ” The National Bank of Cambodia (NBC) continues progressing with its central bank digital currency-like initiative known as Bakong, disclosing several project milestones. NBC’s director-general and the Bakong project lead Chea Serey said in a Wednesday interview with The Nikkei that Bakong’s electronic wallet reached 200,000 users in June,…
“# Digital asset platform Zipmex partners with Visa in Asia Pacific ” Asia-Pacific crypto-fiat trading platform Zipmex has forged a strategic partnership with Visa in a bid to improve the convenience of its payment programs and products. The platform’s payment network ZipSend, designed to enable users to spend their crypto, will be integrated into Visa’s…
“#Thai media restrictions raise freedom of expression concerns” BANGKOK — Thailand implemented new regulations on Friday that appeared to broaden the government’s ability to restrict media reports and social media posts about the coronavirus pandemic, raising immediate concerns that authorities will seek to stifle criticism. While Prime Minister Prayuth Chan-ocha has long sought to crack…
“# DeFi cannot be fully regulated, Siam Commercial Bank president says ” Dr. Arak Sutivong, the CEO of SCB 10X and the president of Siam Commercial Bank (SCB), has offered an insight into how one of the largest venture capital funds in Southeast Asia views the future of DeFi when it comes to the contentious…
“# DeFi industry draws in commercial banks? Siam bets with $110M fund ” While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the…