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Report: UAE Central Bank Implements Digital Currency Strategy

Bitcoin.com
Report: UAE Central Bank Implements Digital Currency Strategy
Bank for International Settlements
Report: UAE Central Bank Implements Digital Currency StrategyThe central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars The […]
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New crypto users shouldn’t ‘rush into DeFi’ — Security firms

New crypto users shouldn’t ‘rush into DeFi’ — Security firms

Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens

Bitcoin.com
Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens
bank of thailand
Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment TokensThailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of Tax Rules for Investments in Digital Assets Thailand-based companies […]
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New crypto users shouldn’t ‘rush into DeFi’ — Security firms

New crypto users shouldn’t ‘rush into DeFi’ — Security firms

Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency

Bitcoin.com
Bank of Thailand Needs More Time to Complete and Launch Retail Digital Currency
bank of thailand
Bank of Thailand Needs More Time to Complete and Launch Retail Digital CurrencyThe central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better Understand Risks of […]
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New crypto users shouldn’t ‘rush into DeFi’ — Security firms

New crypto users shouldn’t ‘rush into DeFi’ — Security firms

Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets

Bitcoin.com
Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets
bank of thailand
Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital AssetsThailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are not a legal means of payment […]
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New crypto users shouldn’t ‘rush into DeFi’ — Security firms

New crypto users shouldn’t ‘rush into DeFi’ — Security firms

Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation

Bitcoin.com
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
bank of thailand
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price FluctuationBank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop Panyanukul, senior director at the Bank of Thailand (BOT)’s Monetary […]
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New crypto users shouldn’t ‘rush into DeFi’ — Security firms

New crypto users shouldn’t ‘rush into DeFi’ — Security firms

Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange

Bitcoin.com
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange
bank of thailand
Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency ExchangeSiam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in the long term amid a new financial world,” said the CEO of the bank. Major Thai Bank Becoming Majority Shareholder of Cryptocurrency Exchange Thailand’s oldest […]
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New crypto users shouldn’t ‘rush into DeFi’ — Security firms

New crypto users shouldn’t ‘rush into DeFi’ — Security firms

Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks

Bitcoin.com
Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of Risks
bank of thailand
Thailand Sees Rising Adoption of Cryptocurrencies as Means of Payment — Warns of RisksBank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment. The Bank of Thailand (BOT), the country’s central bank, issued a warning notice titled […]
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New crypto users shouldn’t ‘rush into DeFi’ — Security firms

New crypto users shouldn’t ‘rush into DeFi’ — Security firms

Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law

Bitcoin.com
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
baht-pegged stablecoins
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency LawThailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called […]
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New crypto users shouldn’t ‘rush into DeFi’ — Security firms

New crypto users shouldn’t ‘rush into DeFi’ — Security firms

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