Thailand SEC Explores Bitcoin ETF Listing

January 16, 2025 Bitcoin.com

The local listing of bitcoin ETFs is being weighed by the Thailand SEC which would make them accessible to both individuals and institutions. Thailand Looking to Adopt Bitcoin ETFs The listing of bitcoin exchange-traded funds (ETFs) is being contemplated by Thailand’s Securities and Exchange Commission (SEC). The Secretary-General of the regulatory body, Pornanong Budsaratragoon, confirmed […]

Sky’s Stablecoin USDS Climbs to Billion Circulation in Breakout Month

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

Former Prime Minister Pushes Crypto to Boost Thailand’s Economy

January 15, 2025 Bitcoin.com

bitcoin.com

Thailand’s former prime minister has urged cryptocurrency-friendly policies and a 20% tax on online gambling, projecting billions in revenue to spur economic modernization. Ex-Prime Minister Calls for Crypto-Friendly Policies to Spur Economic Innovation Former Thai Prime Minister Thaksin Shinawatra has urged the government to prioritize cryptocurrency reforms alongside online gambling to modernize Thailand’s economy, according […]

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

Thai Authorities Seize Nearly 1,000 Bitcoin Miners in Electricity Theft Bust

January 9, 2025 Bitcoin.com

Bitcoin

Law enforcement in Thailand’s Chon Buri province recently seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity. Modified Meters Used to Aid Electricity Theft On Jan. 8, law enforcement agents in Thailand’s Chon Buri province seized nearly 1,000 bitcoin mining rigs from a company accused of illegally accessing electricity from […]

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

3 Central Banks Forge New Path in Cross-Border Digital Asset Innovation

November 2, 2024 Bitcoin.com

bitcoin.com

New partnerships between central banks target digital currency integration to streamline tokenized cross-border transactions and modernize the global financial infrastructure. Cross-Border Finance Revolution: Three Nations Pioneer Digital Asset Integration The Hong Kong Monetary Authority (HKMA) unveiled two significant partnerships this week to promote cross-border tokenization with the Bank of Thailand (BOT) and Brazil’s Banco Central […]

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

Thailand crypto market is shifting away from retail: Binance Thailand CEO

October 25, 2024 Coin Telegraph

Binance TH

Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand.

Thailand’s digital assets market is undergoing a transition from retail to institutional as the country aims to become Southeast Asia’s fintech hub, the CEO of Binance Thailand said.

A recent regulatory move by Thailand’s Securities and Exchange Commission is a “vital step in the maturation of Thailand’s cryptocurrency landscape,” Binance Thailand CEO Nirun Fuwattananukul wrote in an opinion piece for the Bangkok Post on Oct. 25.

On Oct. 9, the Thai securities regulator proposed rules that would allow institutional-grade mutual and private funds to invest in crypto products such as United States-based spot crypto exchange-traded funds (ETFs).

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

Crypto Biz: Onchain lending ramps up, driven by institutional activity

October 19, 2024 Coin Telegraph

Coin Telegraph

Institutional demand is driving a significant increase in onchain loans across DeFi protocols.

Lending platforms are seeing a significant increase in loans processed this year. According to Ledn, a firm offering decentralized lending and savings, it registered a $1.65 billion increase compared with the same period last year.

In the third quarter of 2024, the company processed over $437 million in digital asset loans to institutions, an increase of 14% from the previous quarter. This growth is part of a wider trend of more institutions exploring digital asset-backed loans due to tighter monetary policies and intense competition for access to dollar funding.

“We saw a very healthy jump in institutional demand in July, which has remained steady since then,” said John Glover, chief investment officer at Ledn. “Institutional borrowing demand has also been fairly consistent with the overall ETF demand, where there was a similar jump in July.”

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

Kasikornbank to Launch Thailand’s First Licensed Digital Asset Custodian

October 2, 2024 Bitcoin.com

bitcoin.com

Kasikornbank Financial Conglomerate, a Thai banking giant, has said it plans to launch the country’s first licensed digital asset custodian. The service, called Orbix Custodian, is licensed by the Finance Ministry and supervised by the securities regulator. Kasikornbank is currently testing its systems before launching in early 2025. The goal is to protect investors and […]

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

September 11, 2024 Bitcoin.com

China’s Digital Yuan Nears Trillion in Transactions, PBOC Official Reveals

Bank for International Settlements

China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of […]

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

Thailand’s Mahidol University Partners With Tether to Integrate Blockchain and Stablecoin Education

September 5, 2024 Bitcoin.com

bitcoin.com

Tether and Mahidol University International College (MUIC), a prestigious institution in Thailand known for its diverse and international academic programs, have signed a Memorandum of Understanding (MOU) to integrate stablecoin, blockchain, and peer-to-peer (P2P) technology into MUIC’s curriculum. This collaboration will feature workshops, guest lectures, and research projects aimed at enhancing finance education and fostering […]

Sky’s Stablecoin USDS Climbs to $2 Billion Circulation in Breakout Month

Thailand Extradites Malaysian Businessman to China Over $14 Billion Cryptocurrency Scam

August 27, 2024 Bitcoin.com

Thailand Extradites Malaysian Businessman to China Over Billion Cryptocurrency Scam

bitcoin.com

Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under the Thailand-China treaty since 1999. Teow, the founder of MBI Group, is accused of running a pyramid scheme that defrauded over […]

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