Thailand Welcomes Retail Investors in Infrastructure-backed Digital Tokens
Thailand’s Securities and Exchange Commission (TSEC) has lifted its previous restrictions on Retail investors from acquiring digital tokens backed by real estate or infrastructure initiatives. Published in the Royal Gazette on January 16, 2024, the revised regulations eliminate this restriction, thereby granting greater autonomy to retail investors in their investments within the market for infrastructure-backed […]
Kasikornbank Accepts Crypto Fundraising
Kasikornbank Pcl, the second-biggest bank in Thailand, is setting out to create a digital asset ecosystem that would give businesses a distinctive source of finance. Pipit Aneaknithi, co-president of Kasikornbank, told Bloomberg in an interview that the bank is now encouraging some clients to investigate token issuance for fundraising purposes following the recent acquisition of […]
Zipmex Thailand Suspends Trading Amid SEC Issues
Zipmex Thailand, a crypto exchange, has announced that it has stopped accepting new deposits and trading on its platform due to compliance issues with Thailand’s SEC. Customers can still withdraw funds until January 31, 2024. Zipmex Thailand, a crypto exchange that operates in Thailand, Australia, and Indonesia, has halted new deposits and trading on its […]
Kasikorn Bank Buys Crypto Platform Satang for $102.8 Million
Kasikorn Bank, one of Thailand’s largest banks, has bought a majority stake in Satang Corporation, a digital asset exchange and service provider, for $102.8 million. Thailand’s fourth-largest bank, Kasikorn Bank, has made a substantial move in the cryptocurrency realm, acquiring a 97% stake in Satang Corporation Company Limited for 3.705 billion Thai baht ($102.8 million) […]
Thailand Delays Digital Wallet Program, Opposition Calls for Probe
The digital wallet program aiming to distribute 10,000 baht ($274) to Thai citizens over 16 years and stimulate the economy has been delayed, prompting the opposition to demand a probe by the country’s electoral commission. According to the Bangkok Post, Thailand’s deputy finance minister, Julapun Amornvivat, announced that the scheduled launch of a new digital […]