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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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).

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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.”

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

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 […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Thai SEC Launches Digital Asset Regulatory Sandbox

August 13, 2024 Bitcoin.com

Bangkok

The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand’s capital market by accommodating six specific digital asset-related services, including exchanges and custodial wallet providers. Thai SEC Launches Digital Asset Regulatory Sandbox The […]

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

Thailand Securities Regulator Launches Digital Asset Regulatory Sandbox for Crypto Testing

August 9, 2024 The Daily Hodl

crypto

The Securities and Exchange Commission (SEC) of Thailand is launching a new crypto asset regulatory sandbox to test its digital asset-related services. In a new announcement, the securities regulator says it’s launching the sandbox – a controlled environment set up by regulators where companies can test their services and products – as a means of […]

The post Thailand Securities Regulator Launches Digital Asset Regulatory Sandbox for Crypto Testing appeared first on The Daily Hodl.

BlackRock sparks Bitcoin 21M debate, saying ‘no guarantee’ it won’t change

FBI Seizes $2.5M in Crypto From Thailand-Based Pig Butchering Scam Targeting Americans

July 18, 2024 Bitcoin.com

FBI Seizes .5M in Crypto From Thailand-Based Pig Butchering Scam Targeting Americans

bitcoin.com

The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable. “The rate at which bad actors are using elaborate pig-butchering scams to defraud innocent people is […]

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