Thailand Throws Jab At Crypto With P2P Purchase Ban – Details

Bitcoin, Crypto, News, p2p, Thailand

In a concerted effort to tackle the escalating threat of online fraud, state authorities in Thailand have joined forces, emphasizing the need to regulate peer-to-peer (P2P) transactions involving cryptocurrencies. Led by Prasert Jantararuangthong, the Minister of Digital Economy and Society (DES), the collaborative initiative aims to curb the rampant use of P2P channels by scammers […]

IPO Alert: Thailand’s Crypto Behemoth Bitkub Sets Sights On 2025 Listing

Bitkhub, Crypto, crypto ETFs, crypto exchange, Crypto Market, Crypto News, IPO, Stock Exchange, Thailand, US SEC

In a move signaling the maturation of the crypto market in Thailand, Bitkub Capital Group Holdings, the proprietor of the nation’s foremost crypto exchange, has announced its intention to conduct an initial public offering (IPO) by 2025. This revelation was made by Jirayut Srupsrisopa, the CEO of Bitkub, during an interview with Bloomberg. According to […]

Thai Authorities Order Zipmex To Halt Operations – Details

Crypto regulation, Crypto Regulations, regulatory compliance, SEC, Thailand, Zipmex

The Thai Securities and Exchange Commission (SEC) has ordered Zipmex to temporarily cease its operations as a digital asset trading and brokerage platform. This directive comes as the market regulator is demanding that the embattled cryptocurrency exchange make some changes to its management structure as well as improve its financial position.  Zipmex Faces 15-Day Countdown […]

Debt Dilemma: ZipMex Offers Creditors 3.35 Cents Per Dollar Owed In $97 Million Fiasco

Crypto, crypto exchange, Crypto News, Singapore, Thailand, Thailand SEC, Zipmex

Zipmex, a Thai crypto exchange currently facing financial distress, has proposed a restructuring plan that includes paying its creditors a fraction of their original claims. According to Bloomberg, the exchange is offering its creditors “about 3.35 cents” on the dollar of their initial claims. This offer forms a key part of the company’s restructuring strategy […]

Crypto Triumph: Thailand’s Second-Largest Bank Seizes Control Of Local Exchange |

acquisitions, AI crypto, Asian crypto exchange, Crypto, Crypto exchange news, crypto exchange platform, Crypto News, cryptocurrencies, Cryptocurrency, cryptocurrency market, DeFi, digital currency, Thailand, Thailand Blockchain, Thailand Cryptocurrency Regulation

Thailand’s Kasikorn Bank (K-Bank) has made a significant move to strengthen its position in the digital asset space. According to recent reports, the bank acquired a 97 percent stake in Satang, a local cryptocurrency exchange. The deal, valued at 3.705 billion Thai baht ($102.8 million), marks K-Bank’s strategic entry into the rapidly growing Thai digital […]