Thailand will restrict access to unauthorized crypto platforms due to concerns of law enforcement effectiveness and money laundering risks. According to a Friday announcement, the Securities & Exchange Commission (SEC) will refer the matter to the Ministry of Digital Economy and Society (MDES) for further action. MDES will then initiate the appropriate legal process, potentially…
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Bitkub Capital Group Holdings, the parent company of Bitkub, Thailand’s largest cryptocurrency exchange, has revealed plans to conduct an initial public offering (IPO) in 2025. The company aims to go public on the Stock Exchange of Thailand, CEO Jirayut Srupsrisopa said in a recent interview with Bloomberg. Bitkub is currently in the process of hiring financial…
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The Thailand securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. However, access to these funds will be restricted to institutional investors and individuals with ultra high net-worth. Essentially, the decision enables a select group of sophisticated Thailand-based investors to indirectly invest in Bitcoin through regulated…
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Thailand’s Securities and Exchange Commission instructed cryptocurrency exchange Zipmex to temporarily suspend its digital asset trading and brokerage services beginning February 2. In a February 1 announcement, the SEC said that Zipmex has been given a 15-day period to fix its financial position and address operational deficiencies. Zipmex Suspension Ends Upon Fulfillment of Requirements The…
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Just recently, coinjournal.net published a report that shows the number of cryptocurrency exchanges that have failed during the last eight years. Interestingly, the researcher’s data shows that 42% of failed crypto asset trading platforms disappeared without a trace, giving users no explanation as to why the exchange shut down. During the Past 8 Years, Research…
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