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Thailand Issues New Regulations on Custodied Cryptocurrencies

Thailand Issues New Regulations on Custodied CryptocurrenciesThe Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys and ensure safety of clients’ assets,” the regulator described. Thai SEC’s New Crypto Rules Thailand’s Securities […]

Web3 adoption hinges on high-quality nodes, says Lava Network CEO

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

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 […]

Web3 adoption hinges on high-quality nodes, says Lava Network CEO

Thailand Plans to Become ‘Crypto-Positive Society’ — Governor Says ‘Crypto Is the Future’

Thailand Plans to Become ‘Crypto-Positive Society’ — Governor Says ‘Crypto Is the Future’Thailand is laying the groundwork to become a “crypto-positive society” with the aim to attract crypto holders and boost its tourism industry. The country hopes to gain back some of the $80 billion in lost tourism revenue due to the Covid-19 pandemic and subsequent shutdown. Thailand Plans to Attract Crypto Holders The Tourism Authority of […]

Web3 adoption hinges on high-quality nodes, says Lava Network CEO

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

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 […]

Web3 adoption hinges on high-quality nodes, says Lava Network CEO