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Thailand charges two for stealing over $280,000 in electricity for illegal Bitcoin mining. Thai authorities have cracked down on illegal Bitcoin (BTC) mining operations, shutting down nine illicit sites and arresting two suspects on charges of electricity theft, valued at…
BTC
Bitcoin
News
Armed robbers in Thailand, where Devcon will be held, stole $250,000 from a Ukrainian crypto user on Monday, Nov. 11.
USDT
Tether
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A crypto co-founder was robbed in Bangkok while traveling there to attend the 2024 Ethereum Devcon conference. Haichao Zhu, co-founder of Bitcoin application Rooch Network, urged Ethereum Devcon attendees to exercise caution in a Nov. 5 X post after being…
News
Binance is prioritizing Thailand as a key market in its mission to reach one billion users, with crypto-friendly regulations seen as a driving factor. Cryptocurrency exchange Binance is betting big on Thailand as it aims to bring crypto mainstream worldwide,…
News
Thai immigration officials have busted a cross-border cryptocurrency scam that duped a local woman out of over $620,000. According to local news outlet Khaosod, authorities have arrested five individuals linked to the scam, including Cambodian, Myanmar, and Thai nationals who…
BTC
Bitcoin
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Hong Kong Monetary Authority has partnered with the Bank of Thailand and Banco Central do Brasil to advance cross-border tokenization projects under collaborative initiatives. Hong Kong‘s financial watchdog, the Hong Kong Monetary Authority, has partnered with the central banks of…
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Deputy Governor of China’s Central Bank says the countries partnering together to build mBridge would need to establish trust and mutual understanding of one another’s regulatory framework. According to a report by SCMP on Oct. 23, the deputy governor of…
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Siam Commercial Bank has introduced Thailand’s first stablecoin-powered cross-border payment system. Partnering with SCB 10X and Lightnet, the bank will use stablecoins—digital assets pegged to gold or the U.S. dollar—to facilitate faster, more efficient international transactions, according to a company…
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Thailand’s securities regulator has proposed allowing mutual and private funds to invest in cryptocurrency, marking its latest effort to bolster the country’s crypto economy. According to a Bangkok Post report citing an Oct. 9 announcement from Thailand’s Securities and Exchange…
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Does Paetongtarn Shinawatra’s ascent to power mark the dawn of a crypto-friendly Thailand, or is her silence on the issue a sign of caution? Who is the new Thailand PM, and why does it matter? Thailand has made history by…
BTC
Bitcoin
News
Thai authorities raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following reports of frequent blackouts over the past month. According to AFP reports, the raid, carried out by the Provincial Electricity Authorities and local police,…
BTC
Bitcoin
News
China has successfully extradited a suspect involved in a massive $14 billion cryptocurrency pyramid scheme from Thailand. The suspect, identified as Zhang, is accused of leading the MBI Group, which allegedly lured over 10 million investors with promises of high…
News
Thai financial regulators have officially launched a Digital Asset Regulatory Sandbox to promote broader crypto adoption in Thailand. The sandbox allows participants to test crypto-related services under flexible regulation, with the goal of developing the Thailand digital asset capital market.…
News
The Indian Embassy of Laos recently rescued 14 Indian youths from cyber-scam centers in the Golden Triangle Special Economic Zone in the Bokeo province of Laos. These individuals were deceived with fake job offers, leading them to Laos where they…
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Thailand has unveiled the rollout date for its long-delayed cash handout to boost the economy and tackle high household debt. Thailand has announced the rollout date for its digital currency giveaway aimed at revitalizing economic activity and addressing the nation’s…
News
Beleaguered crypto exchange Zipmex has lost its business license after the Thai authorities found that the exchange had repeatedly failed to comply with orders. Thai cryptocurrency exchange Zipmex has lost its business license after the Securities and Exchange Commission (SEC)…
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