Thailand
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F10%2Fthailand-kasikornbank.jpg&w=1536&q=40)
K-bank acquired the crypto exchange via its subsidiary, Unita Capital, which also introduced three new entities for digital asset management
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F08%2Fthailand-capitol.jpg&w=1536&q=40)
The tokens will need to be spent at local businesses within a 4km radius of the recipient’s home over a six-month period
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F05%2Fbinance-thailand.jpg&w=1536&q=40)
The approval marks a year-long effort for Binance in Thailand, which sought the help of a domestic and publicly listed Thai company
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F08%2Fmukaya.jpg&w=1536&q=40)
The bank’s investment arm, SCB 10X, has promoted two female executives to lead its Web, DeFi and Blockchain investments
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F06%2FThai-SEC-2.jpeg&w=1536&q=40)
Thailand’s Securities and Exchange Commissioned revoked the trading platform’s license, citing failure to follow rules
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F02%2FBLOCKWORKS_65_VENTURE_CAPITAL_FUNDING_300.jpg&w=1536&q=40)
The crypto platform seeks to offer DeFi projects liquidity incentives and achieve regulatory compliance for crypto firms
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F03%2FZixel-Metaverse-by-Zipmex.jpg&w=1536&q=40)
The exchange said the partnership will help draw in new users as part of its “long-term strategy” for future growth
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F02%2FBangkok-City-Skyline-Thailand.png&w=1536&q=40)
Thailand has dumped plans to impose a crypto withholding tax in a move that has been welcomed by the kindom’s traders
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F01%2Fthailand.jpg&w=1536&q=40)
Thai regulators said digital asset business operators had increased the use for payments for goods and services, posing a risk to the kingdom’s economy
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F10%2F2021-10-07-Binance-1200x628-1.jpg&w=1536&q=40)
Binance’s move can be seen as a way for the exchange to regain a footing in the country following criminal complaints last year.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F01%2FBuilding-of-Revenue-Department-Ministry-of-Finance..jpg&w=1536&q=40)
Thailand is weighing up measures either to tax revenue from each crypto transaction or only profits
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F11%2Fshutterstock_1049279150.jpg&w=1536&q=40)
Here’s why Siam Commercial Bank is continuing to signal its support for digital assets with Bitkub investment.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F06%2FThai-SEC-2.jpeg&w=1536&q=40)
Crypto hotspot Thailand has shifted from banning NFTs and meme tokens to embracing the new asset class.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F08%2Fshutterstock_1920135257-2.jpg&w=1536&q=40)
Bitcoin on the balance sheet for public companies in Thailand gets a different response from regulators than in the US, explains Varit Bulakul, an executive at Bangkok-listed Brooker Group
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F07%2Fshutterstock_300284237.jpg&w=1536&q=40)
SCB’s Chief Venture and Innovation Officer knows DeFi will challenge banks, and wants to grab a stake in it.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F06%2Fshutterstock_1170459340-2.jpg&w=1536&q=40)
Hong Kong Monetary Authority as well as the territory’s Securities and Futures Commission not commenting on existence of investigation into Huobi.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2021%2F06%2FThai-SEC-2.jpeg&w=1536&q=40)
Tokens that have ‘no clear objectives or substance’ are not allowed on the country’s regulated exchanges.
Get the daily newsletter that helps thousands of investors understand the markets.