Gulf Energy Invests $271M in AI Data Centers Post-Binance TH
Gulf Energy invests $271M in data center expansion, following Binance TH’s expansion. Southeast Asia is demanding more cloud computing and AI services. Sarath Ratanavadi, Thailand’s second-richest individual and an energy tycoon, is intensifying his efforts to establish data centers. This move aims to capitalize on the growing market for cloud computing and artificial intelligence. The […]
Thailand Revokes Zipmex Licence Amid Regulatory Failures
The cryptocurrency exchange Zipmex lost its operating license after Thai authorities discovered that it had consistently disregarded directives. The Securities and Exchange Commission (SEC) discovered that Thai cryptocurrency exchange Zipmex had consistently disregarded court orders, leading to the exchange losing its business license. In a news release dated June 11, the SEC stated that Zipmex’s […]
Thailand’s SEC Approves First Spot Bitcoin ETF
The Thailand SEC approved the first Bitcoin ETF, advancing digital asset adoption. OnEAM leads this project, offering safe, regulated investment options. Thailand’s inaugural spot Bitcoin Exchange-Traded Fund (ETF) has received approval from the Thailand Securities and Exchange Commission (SEC), marking a significant milestone in the cryptocurrency market. This momentous action signifies a major leap in […]
Thailand Moves to Block Crypto Websites to Combat Online Crime
Thai authorities have decided to block unauthorized cryptocurrency platforms to enhance law enforcement efforts against online crime. In order to block access to the platforms, Thailand’s Securities and Exchange Commission (SEC) was instructed to provide the Ministry of Digital Economy and Society with information regarding unlicensed digital asset service providers after a meeting of the […]
Thailand Grants Tax Exemption to Investment Token Holders
To encourage the use of investment tokens for fundraising, Thailand’s government has authorized tax exemptions for holders of such tokens. The Bangkok Post, a local news outlet, reported on March 13 that the Thai cabinet had granted investment token holders tax exemptions. Individuals who earned a profit from holding investment tokens and deducted 15% withholding […]