Tag: thailand

Nov 01 2022

Hungary And Thailand Set To Test Blockchain Technology

Blockchain technology has gained traction recently through the advent of cryptocurrency. With the increased popularity of crypto assets, the technology records more applications over time. Recently, Thailand and Hungary have made a pact between their financial technology associations. This new agreement will foster cooperation between the two parties on blockchain technology to facilitate their financial industries. According to the...

Sep 27 2022

Thailand’s SEC sues 5 for wash trading activities

Sep 27 2022 Published at CryptoSlate under tags  bitkub exchanges regulation thailand

Thailand's Securities and Exchange Commission (SEC) is suing five entities over wash trading activities on two crypto exchanges, Bitkub and Satang corporation. According to a Sept. 27 press release from the regulator, public prosecutors have been directed to sue Bitkub and two individuals for creating artificial...

Sep 16 2022

Thailand SEC Decides To Ban Crypto Companies Offering Staking And Lending Services

Sep 16 2022 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto ads

Thailand's Securities and Exchange Commission (SEC) has recently decided to ban crypto companies from offering staking and lending services. The primary reason behind doing so was to safeguard traders from the potential risks that are associated with crypto lenders. Many prominent crypto lenders have also...

Sep 03 2022

Crypto Ads In Thailand Have To Provide Risk Disclosure As Per SEC

Sep 03 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto crypto news rules

Thailand's Securities and Exchange Commission (SEC) has now introduced strict rules concerning the promotions as well as advertising of crypto. Cryptocurrency companies are now expected to follow these newly initiated rules in order to bring down investment risks....

Sep 02 2022

Thai SEC Creates New Crypto Advertising Rules

Sep 02 2022 Published at Crypto Briefing under tags  advertising news sec thailand

The Securities and Exchange Commission of Thailand has announced that it will create strict rules for cryptocurrency companies that advertise in the country. Thailand SEC to Regulate Ads Thailand's regulators...

Thai SEC Issues Orders To Crypto Firms Over Ads

Thailand is leaving no stone unturned in its oversight of the cryptocurrency industry. Recent...

Thailand SEC to impose strict guidelines for crypto-related ads

Sep 02 2022 Published at Coinscreed under tags  crypto-related ads news sec thailand

Thailand's Securities and Exchange Commission (SEC) is set to impose strict regulations on cryptocurrency-related adverts in the country. By email, the Thai SEC reminded cryptocurrency-related companies operating there that, as of September 1, all consumer-facing advertisements for digital currencies must include unambiguous investment warnings. Later, the announcement was published on the SEC website. In response […] The post...

Thailand’s SEC Mandates Risk Disclosure for Crypto Ads

Thailand’s Securities and Exchange Commission (SEC) has brought strict rules around the promotions and advertising of cryptocurrency companies, primarily to minimize investment risks.

As reported by Reuters, the new advertising rules mandated the showcasing of investment...

Sep 01 2022

Bitkub's CTO Fined 8.5 Million Bahts by the SEC for Insider Trading

Bitkub CTO, Samret Wajanasathian appeals against the Securities and Exchange Commission's (SEC) fine. The SEC accused Samret of insider trading, which took place in 2021.

The SEC barred Samret from his position at a CTO at Bitkub, the largest crypto exchange in Thailand and fined him with over 8 million Baht.

According to the SEC, On 2 November 2021 SCB Securities Co., Ltd. agreed to...

Aug 31 2022

Thailand’s SEC Fines Bitkub Subsidiary $234K for Insider Trading, Bans Executive

Thailand’s Securities and Exchange Commission (SEC) has slapped an 8.53 million baht (around $234,000) monetary penalty on Bitkub Blockchain Technology Co (BBT), a part of the Bitkub group, for the involvement of one of its executives in insider trading.

According to a Bangkok Post report, the securities market regulator publicly announced its action against the company on Tuesday evening.

Insider Trading


Aug 30 2022

Bitkub CTO Slammed With $230,000 Fine For Insider Trading

Summary: Thailand regulators have issued a fine to Samret Wajanasathian, the Chief Technology Officer of local crypto exchange Bitkub. Wajanasathian purchased tokens with inside information shortly before the exchange announced a major acquisition, per reports. The CTO allegedly bought $60,000 worth of KUB tokens as acquisition talks were ongoing. Thai's SEC labeled the action as a violation of acts from the Digital Asset...

Aug 25 2022

Siam Commercial Bank Scraps $500M Acquisition Deal of Crypto Exchange Bitkub

Thailand’s oldest lender, Siam Commercial Bank (SCB) has abandoned the deal to acquire a controlling stake in Bitkub Online, the country’s largest cryptocurrency exchange.

In a statement issued on Thursday, the bank cited unresolved...

Aug 13 2022

Bitcoin Is The Hills

The hills once provided a check on the overreaches of state-making. Today, Bitcoin provides that check.This is an opinion editorial by Captain Sidd, a finance writer and explorer of Bitcoin culture.I’ve spent most of the last three years living in the mountainous region of Northern Thailand. Nestled in the hills all around the valleys live “hill tribes” with names like the...

Aug 10 2022

In Crypto Law Overhaul, Thai Central To Receive More Powers

Aug 10 2022 Published at Bitcoinist.com under tags  btcusd btcusdt crypto crypto news thailand

Thailand Central Bank has planned to overhaul its crypto laws to grant more powers to the central bank. Reports have suggested that the new amendments to the regulation will include Central Bank to be a part of it. Finance Minister Arkhom Termpittayapaisith mentioned in an interview about the planned amendments. Additionally, the government will also include stringent regulations over the cryptocurrency platforms which...

Jul 25 2022

Thai SEC Creates Online Complaint Form after Zipmex’s Withdrawal Pause

The Thailand Securities and Exchange Commission (SEC) on Monday launched an online form on its website to accept complaints from customers affected by the recent halt on withdrawal placed by cryptocurrency exchange Zipmex.The local regulator said the measure is a reaction to the complaints it received from customers of the Singapore-headquartered exchange.The Thai securities watchdog noted that the form will enable...

Jul 23 2022

Tighter Crypto Regulation In Thailand Delays Bitkub’s Acquisition

Jul 23 2022 Published at Bitcoinist.com under tags  bitkub btcusd btcusdt crypto news thailand

Thailand's Plan of tightening crypto regulations have caused major setback to retail investors and digital asset enthusiasts. Adding to this, several companies have received a major blow due to this decision. Increased supervision on digital assets comes after the industry witnessed major sell- off over...

Jun 18 2022

Huobi Thailand License Revoked, Crypto Exchange To Shut Operations

Crypto exchange platform, Huobi is winding down its operations in Thailand, according to the statement by the platform. This closure is due on the 1st of July, 2022. The whole process of closing down somehow got aggravated after Huobi got into some trouble with the local watchdog earlier last year when it was found...

Jun 17 2022

Huobi to Shut Down Thai Operations in July

Huobi Thailand is no longer an authorized digital asset exchange in the country. The company has decided to shut down its operations permanently in Thailand from 1 July 2022.According to an official announcement by the Thai Securities and Exchange Commission, the license of Huobi Thailand has been revoked after the digital asset services provider failed to fix system issues despite several extensions....

Jun 16 2022

Huobi Closes Thailand Branch After SEC Rescinds Crypto License

Huobi will shut down operations in Thailand on July 1 after losing its crypto license in May.

Jun 09 2022

Coinbase Decides Against Full Acquisition of Singapore-based Zipmex

Coinbase, an American cryptocurrency exchange, has opted to place strategic investment in Singapore-headquartered cryptocurrency exchange, Zipmex, instead of full acquisition, The Block reports. The investment will be part of the Series B+ fundraising round the Southeast Asian exchange is currently working on. The round, through which it reportedly has plans to raise $40 million, could value the exchange at $400 million....

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