Thailand

On April 29, Thailand’s Securities and Exchange Commission (SEC) issued a warning to crypto exchanges operating in the country, urging them to refrain from glamorizing crypto investments and adhere to prescribed advertising standards, as per a report from Bangkok Post. Anek Yooyuen, Deputy Secretary-General of the Thai SEC, expressed the commission’s concern about crypto exchanges […]

Thailand’s Securities and Exchange Commission (SEC) has greenlit asset management firms in the country to launch private funds to offer Bitcoin (BTC) exchange-traded funds (ETFs). However, these private Bitcoin ETF funds will only be available for institutional investors and “ultra-high-net-worth individuals.”  According to a March 12 report from the Bangkok Post, private funds managed by […]

The Finance Ministry has announced an exemption of value-added tax (VAT) on digital asset trading to boost Thailand’s status as a digital asset hub. It’s another good sign that a country is taking the commitment to innovations seriously, building an enabling environment for the fast-growing cryptocurrency sector. Thailand has been conspicuously growing on the cryptocurrency […]

Binance is set to publicly launch a cryptocurrency exchange in Thailand early next year through a joint venture with Gulf Energy Development, a major energy company in the region. Gulf Energy filed a report with the Stock Exchange of Thailand on Wednesday, stating that Gulf Binance Co. — the joint venture set up by Binance […]