The regulator is seeking public feedback on a retail CBDC paper by June 15.
Private issuance of any monetary alternative violates the country’s currency act.
The draft proposed a crypto investors’ minimum annual income to be 1 million baht.
It is not clear if there will be any lower income limit to trade crypto.
Effective February 24, crypto fund managers and investment advisers are required to apply for a license.
The regulator believes new cryptocurrency investors should have a certain level of trading experience and financial reserves.
Regulators issued improvement orders for Bitkub after users were blocked from trading during Bitcoin spikes in January.
Bitkub handles 97 percent of the total crypto trading in Thailand.
The exchange abruptly went offline, leaving clients in fear.
The exchange is planning to launch a trading platform for asset-backed tokens but excluded cryptocurrencies.
All three of Thailand's tax departments reportedly aim to improve tax revenue collection using blockchain technology.
Monaker Group, which builds booking platforms for the travel industry, is venturing into tokenized assets with the indirect acquisition of Thailand's Longroot initial coin offering (ICO) portal. The Nasdaq traded company took an "indirect controlling stake" in the entity that owns Longroot on Thursday, one day after buying up a third of Longroot minority shareholder […]
The revised requirements are aimed at adding liquidity to the Thai market, while also allowing digital asset businesses to hold part of their required capital in cryptocurrencies.
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