THAILAND

The regulator is seeking public feedback on a retail CBDC paper by June 15.

Private issuance of any monetary alternative violates the country’s currency act.

The scheme dupped around 9,692 investors of almost 2 billion baht.

The draft proposed a crypto investors’ minimum annual income to be 1 million baht.

It is not clear if there will be any lower income limit to trade crypto.

Effective from February 24, crypto fund managers and investment advisers are required to apply for a license.

Regulators issued improvement orders for Bitkub after users were blocked from trading during Bitcoin spikes in January.

Bitkub handles 97 percent of the total crypto trading in Thailand.

The exchange abruptly went offline, leaving clients in fear.

The exchange is planning to launch a trading platform for asset-backed tokens but excluded cryptocurrencies.

The police already confiscated 1 billion baht-worth Forex-3D-liked assets.

Only a few crypto exchanges are licensed to offer services in Thailand.

5 companies listed this year on Thai exchanges contributing 330 billion in market cap.

Detailed data confirms what was earlier seen in growing retail volume metrics

Latest data reveals the growing activity of traders in many fields

The fintech company will use RippleNet for inbound payments.

Multiple central banks recently formed a consortium to study CBDC.

The exchange applied for the license early last year.

The bank is also working to bring micro-payment facilities on the platform.

The exchange now supports trading with 21 fiats via its different platforms.

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