Earlier today, the Cayman Islands Monetary Authority said that it started an investigation against the exchange.
Some interesting developments took place in the crypto space today. Bitcoin is currently up 4.2% and is trading at $37,581.20. Ethereum is also up 0.5% over the last 24 hours; trading at $2,443.87. Let’s examine some of the top crypto news stories for the day. 1 – Thailand Regulators Ban Meme Coins, Fan Tokens &...
Thailand's Securities and Exchange Commission has issued guidelines barring crypto exchanges from supporting four different types of tokens. No More NFTs Or Meme-Based Tokens In a Friday announcement from the Thai SEC, the regulatory body said that Secretary-General Ruenvadee Suwanmongkol had approved crypto...
Thailand is reportedly preparing to mandate in-person, “dip-chip” AML verifications before opening local bitcoin exchange accounts.The government of Thailand will require local cryptocurrency exchanges to verify their customers’ identity in person using a “dip-chip” machine that registers identification cards.The country’s Anti-Money Laundering Office (AMLO) will be instituting in September, according to...
The AML law will come into effect from July.
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 […]
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