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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Thailand approved a crypto tax break for individuals holding investment tokens on March 13 to encourage the use of these tokens for fundraising purposes. Capital gains from such holdings are now exempt from personal income tax calculations, even if a 15% withholding tax was previously applied. Thailand Approves Crypto Tax Break According to reports from the…
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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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Source: AdobeStock / arinahabich Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Top Miners Spend $1.2 Billion In Pre-Halving Shopping Spree UK Crypto Market Grew 137% in a Year, Surpassing the USA’s 107% Tether and Bitkub Exchange Partner to…
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Image Source: Zipmex Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year. The decision was made to ensure proper compliance with the criteria set by Thailand’s Securities and Exchange Commission (SEC), the platform wrote in a Facebook post on Saturday afternoon. “Dear customers, Zipmex Limited would like…
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Source: 10101_art / Twitter Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Exchange news According to the blockchain data analytics platform Nansen‘s analysis of Binance’s netflows, Binance has seen significant exchange outflows since the announcement of Changpeng Zhao (CZ) stepping down…
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Crypto services from Binance and Gulf Energy’s joint venture, Gulf Binance, will initially be available to Thai residents on an invitation-only basis. Binance will publicly roll out a Thailand-based crypto exchange in early 2024 via a joint venture with local energy giant Gulf Energy Development. A Nov. 15 Stock Exchange of Thailand filing by Gulf…
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Source: Pexels In a strategic collaboration, Binance Holdings Ltd. and Gulf Energy Development Pcl are set to launch a cryptocurrency exchange in Thailand early next year. This follows the acquisition of licenses from the Thai Securities and Exchange Commission, with Gulf Binance Co. obtaining the regulatory nod on November 10, as disclosed in a stock…
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Project mBridge has put together a slick publication with lots of new information to let the world know what the hottest project in CBDC is. The Bank for International Settlements (BIS) released a colorful and fact-filled Project mBridge update on Oct. 31. The publication combines technical and promotional discussions in a shift of tone as…
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Thailand’s government has delayed the launch of a planned digital money program aimed at stimulating its economy, while opposition leaders call for a probe of the scheme. Thailand’s planned digital wallet scheme, which intends to payout 10,000 baht (~$274) to citizens over 16 years old, has been delayed, while critics call for a probe from…
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