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Tag Archives: Thailand

Thai SEC to Prosecute Bitkub and Four Others in Alleged Wash Trading Case

Thailand’s Securities and Exchange Commission (SEC) has accused Bitkub, the country’s largest cryptocurrency exchange, and four other offenders of their alleged involvement in wash trading. The individuals will have to pay a fine of over $600,000. Bitkub Involved in Wash Trading Case? According to a press release on Tuesday (September 27, 2022), the Thai SEC claimed that two individuals – Mr. Anurak and Mr. Sakon Srakawee – carried out wash trading on the Bitkub platform....

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Thai SEC Forbids Local Crypto Firms From Offering Staking and Lending Services

Thailand’s Securities and Exchange Commission (SEC) prohibited domestic cryptocurrency entities from providing staking and lending services to clients. The ban aims to protect traders and the public from risks related to such activities. The South East Asian country has been active on the digital asset scene lately. At the beginning of the year, the local authorities displayed intentions to start taxing transactions with bitcoin and alternative coins, while later, they...

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Thai SEC Toughens Crypto Ad Regulations Amid Broader Market Downturn

The Securities and Exchange Commission of Thailand (SEC Thailand) has asked cryptocurrency companies operating in the country to include clear and visible warnings about the risks associated with virtual tokens and crypto investments. SEC Guideline on Crypto Ads In an email statement from last week, the capital market regulator asked companies to abstain from giving false and misleading information in their ads. They were also asked to provide information on advertising terms...

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Thai Energy Magnate to Double Down on His Crypto Investments (Report)

Sarath Ratanavadi – CEO of Gulf Energy Development – reportedly stated that his company will invest in blockchain ecosystems to diversify some of its profits. The decision comes despite the broad market collapse and the strict stance that local watchdogs have taken towards the sector. Ratanavadi is known as the second-richest person in Thailand. According to the Bloomberg Billionaires Index, his fortune nears $12 billion, while his corporation supplies energy to Thailand,...

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Thailand’s SCBX Abandons Plans to Acquire Crypto Platfrom Bitkub

SCBX Pcl – formerly known as Siam Commercial Bank – withdrew its intentions to purchase a 51% stake in the crypto asset firm Bitkub for $500 million. The financial institution said the exchange needs to solve its regulatory issues before going back to the table. Despite being close to shaking hands with Bitkub, the organization scrapped plans to acquire a majority stake in the platform for 17.85 billion baht ($497 million). However, its decision is not final, and a possible...

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Thai SEC Cautions Investors About Risks of DeFi Transactions

The Securities and Exchange Commission of Thailand (Thai SEC) has asked crypto investors in the country to be careful with DeFi transactions, terming them risky. The watchdog argued that local regulators have no control over the up-and-coming industry. Popular but Not Full-Proof In a statement on Wednesday, the financial and capital markets watchdog said DeFi services have become popular, especially deposit taking and lending services. But these services are risky as the...

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Singapore High Court Grants Troubled Zipmex 3-Month Relief From Creditors: Report

The Singapore High Court on Monday granted crypto exchange Zipmex protection from creditors until December 2. Zipmex had asked the court for bankruptcy protection on July 22 and more time for debt restructuring on August 4. Court Order Affects Thai Investors Zipmex operates in Singapore, Thailand, Indonesia, and Australia. After it halted withdrawals last month, Thai regulators promptly asked for clarification. As per media reports, nearly 20,000 local customers have...

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Bitcoin-Familie geht auf Weltreise

Bei der Bitcoin-Familie handelt es sich um die ganz grossen Gewinner des Bitcoin-Hypes. Dies gelang mit einer ordentlichen Portion Risiko: Die fünfköpfige Familie investierte ihr gesamtes Vermögen in Bitcoins. Im Nachhinein war die Entscheidung für die Familie mehr als lohnend. Alles auf eine Karte – den Bitcoin Im Jahr 2017, als der Bitcoin einen ungefähren Wert von 900 US-Dollar hatte, trat Didi Taihuttu an seine Ehefrau Romaine Taihuttu heran...

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#956 China CBDC Einzelhandel, Dave Portnoy will Bitcoin retten & Gerichtsdokumente auf Blockchain

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 956. Im heutigen Video geht’s um folgende Themen: China testet digitale Zentralbankwährung im Einzelhandel, Dave Portnoy will Bitcoin und Chainlink retten & Thailand Gerichtsdokumente auf Blockchain. 1.) China testet digitale Zentralbankwährung im Einzelhandelhttps://www.btc-echo.de/cbdc-china-testet-digitale-zentralbankenwaehrung-im-einzelhandel/ 2.) Dave Portnoy offers to ‘save’ Bitcoin and...

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Thailand Gets Its Sixth Official Crypto Exchange

Thailand is a growing cryptocurrency hub. The country has just approved six new cryptocurrency exchange licenses to permit the further growth of digital trading within the nation’s borders.Thailand Is the New Home of Crypto LoversAsian regions have long been huge cryptocurrency advocates. Despite a lengthy period of debate over whether to ban bitcoin and crypto mining, China eventually gave in and permitted the practice, citing that it’s effects on the environment were not as strong or as...

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