The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S. (REUTERS/Marco Bello)

Prosecutors charge two top executives in connection with FTX collapse

Federal prosecutors on Wednesday said they have charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX)…

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What’s Bitkub’s problem? Born too soon or existing too controversially?

If Jirayut Srupsrisopa is a true blockchain enthusiast, he must be uncorking the champagne when that massively-lucrative deal with the Siam Commercial Bank collapsed a few days ago. In an…

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SCB Securities terminates ฿17.8b deal to acquire shares in Bitkub Online

The SCB Securities (SCBS) Board of Directors passed a resolution today (Thursday) to terminate the purchase of a 51% stake in Bitkub, Thailand’s largest cryptocurrency exchange, worth over 17.8 billion…

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Zipmex ordered to resume trading, withdrawals, following worrying freeze

Thailand’s Securities and Exchange Commission (SEC) has ordered Zipmex, Thailand’s second largest cryptocurrency exchange after Bitkub, to resume trading and digital asset withdrawals within three days after an official announcement…

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Thai crypto market feels the pains of global meltdown

Cryptocurrency trading in Thailand has followed global trends and witnessed a steep plunge, as investors sell off financial assets, including equities and bonds. With many countries bogged down by high…

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The severe fallout from the pandemic and the sudden collapse of the tourism industry — which accounts for about 20 percent of Thailand’s gross domestic product (GDP) — has weakened the baht, pushing it to a five-year low. (Photo by Kiratikorn Naksompop Blauw)

Baht’s current slide is a grim reminder of its crash 25 years ago 

On July 1, at some point during the day, the baht fell to 35.66 to the dollar, its weakest in five years. It closed at 35.63 at the end of…

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Suspect claims he robbed gold shop to cover losses from crypto investments

Suspect claims he robbed gold shop to cover losses from crypto investments

A suspected gold shop thief has allegedly told the police that he robbed the shop of gold ornaments, worth about 1.8 million baht, to compensate for heavy losses incurred through…

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Bitcoin stems heavy losses but pessimism reigns in crypto markets

LONDON (Reuters) – Bitcoin steadied on Tuesday after earlier hitting a new 18-month low, as major crypto lender Celsius Network’s freezing of withdrawals and the prospect of sharp U.S. interest…

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In this photo provided by the New York Stock Exchange, a trio of specialists work at a post on the floor, Monday, June 13, 2022. (Courtney Crow/New York Stock Exchange via AP)

Bear market hits Wall Street as stocks, bonds, crypto dive

NEW YORK (AP) — Wall Street tumbled into what’s called a bear market Monday after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20% below…

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Photo from AP

Cryptocurrency tax exempt for trades on approved exchanges until end of 2023

Investors who trade cryptocurrencies or digital tokens through properly registered exchanges will be entitled to a 7% VAT exemption on the transfer of the digital assets, retroactively from April 1st…

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Zacary Egea, a former member of the Bolivarian National Police, shows his mobile while checking the status of his plant while playing the Plant Vs Undead video game in the Cuaricuao neighborhood in the Libertador municipality of Caracas on September 10, 2021. – According to a study by several universities, 96% of the population lives in poverty so video games that involve non-fungible tokens (NFTs) have unleashed a boom among the population that dreams with having a plant (Plant Vs Undead) that allows them to earn a bitcoin to get out of poverty. (Photo by Yuri CORTEZ / AFP)

Digital assets stare at uncertain future in Thailand as regulators clip their wings

Ending weeks of speculation, the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC) on March 24 put in place new regulations governing the digital assets business, effectively…

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A person uses a cell phone to pay with Bitcoins during the Latin Bitcoin conference (LABITCONF) in San Salvador, on November 18, 2021. (Photo by Sthanly ESTRADA / AFP)

Bank subsidiaries’ investments in digital assets to be capped at 3% of capital

The Bank of Thailand (BoT) is to issue a new regulation to limit investment in digital assets by business units of commercial banks to no more than 3% of their…

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Thailand to bar use of digital assets for payments for goods, services from April

Thailand’s Securities and Exchange Commission (SEC) has issued a set of regulations to be applied to digital assets operators, which take effect on April 1st, barring them from using digital…

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The crypto tax will cover five sources of gains: sales or exchange of digital assets, crypto mining, receiving crypto as wages, getting digital assets as gifts or rewards, and benefits or investment returns from holding crypto and digital tokens. (Photo by olieman.eth)

The taxman comes calling for crypto investors

Investors are worried about their tax liability and the method of calculation after the Revenue Department issued on January 31 tax guidelines for individuals engaging in crypto and digital token…

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(FILES) In this file photo taken on July 19, 2021 this illustration photograph shows a physical banknote and coin imitations of the Bitcoin crypto currency, in Istanbul. – Bitcoin slid below $40,000 on January 10, 2022, falling to its lowest level since the end of September as the world’s leading cryptocurrency showed no end to its volatility. Bitcoin dropped to $39,663.18, having soared to a record high of over $66,000 in October. (Photo by Ozan KOSE / AFP)

Thai Revenue Department says no withholding tax on trade in cryptocurrencies

The Revenue Department has agreed to do away with the proposed 15% withholding tax, which was to be imposed on digital asset trades, and to allow losses to be deducted…

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According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by Quantitatives.io)

Thailand plans to regulate, limit cryptocurrency payment for goods, services

The Finance Ministry, Bank of Thailand and Securities and Exchange Commission (SEC) have agreed to a plan to regulate and limit the use of cryptocurrencies as a means of paying for…

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Photo by Ozan KOSE / AFP

Gulf Energy, Binance to explore setup of digital assets exchange in Thailand

Thailand’s Gulf Energy Development PCL, or GULF, has entered into an agreement with Binance, the world’s largest digital assets exchange in terms of trading volume, to explore the setting up…

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According to tax officials, those who engage in coin mining also will be subject to taxation on the sale of coins. (Photo by Quantitatives.io)

Taxing cryptocurrency trading — an uncharted course

The digital assets industry is up in arms over the Revenue Department’s plan to levy tax on capital gains or benefits derived from cryptocurrencies and other digital asset transactions. With…

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REUTERS/Dado Ruvic/Illustration

Bitcoin, ether near multi-month lows following hawkish Fed minutes

HONG KONG (Reuters) – Bitcoin fell below $43,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve’s last meeting showed it leaning toward more aggressive policy action, which…

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As crypto assets become more mainstream, potential implications for the wider economy are set to increase, said the IMF. (photo by @executium)

2021: The year of crypto craze and challenges it poses

Trading in digital assets in Thailand saw high growth in 2021, on par with global markets, as large numbers of investors have entered the market. The low-interest rates offered by…

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Thai Central Bank warns against use of cryptocurrencies in transactions

Volatility and security risks mean that Thailand’s Central Bank remains unconvinced about the use of digital assets to purchase goods and services, as many shops have started allowing payment using…

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Crypto market value tops $3 trillion for first time

The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors increasingly jump on board. The value has reached $3.007 trillion (2.6 trillion euros), said CoinGecko, which tracks prices of more than 10,000…

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Bitkub takeover adds impetus to Thai digital asset market

The recent multibillion-baht acquisition of digital exchange Bitkub has stunned Thailand’s finance sector, especially the digital asset market. On November 2, Siam Commercial Bank announced its acquisition of a 51…

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Cryptocurrency, a beacon of hope in Myanmar’s politics

“Cryptocurrency” is technical jargon and gibberish to many people, even in this modern age of technological innovation. While it seemed far more mystical when Bitcoin, the progenitor of encrypted peer-to-peer…

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Photo by Ozan KOSE / AFP

Bitcoin tops $60,000, nears record high, on growing U.S. ETF hopes

LONDON/HONG KONG (Reuters) – Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund…

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Government employees wait for the opening of the Chivo digital wallet machine, which will exchange cash for Bitcoin cryptocurrency, at Las Americas Square in San Salvador, El Salvador, Tuesday, Sept. 7, 2021. Starting Tuesday, all businesses will have to accept payments in Bitcoin, except those lacking the technology to do so, according to a law approved by the congress. (AP Photo/Salvador Melendez)

Early stumble as El Salvador starts Bitcoin as currency

SAN SALVADOR (AP) — El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said…

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Photo by Ozan KOSE / AFP

In world first, bitcoin becomes legal tender in El Salvador

San Salvador (AFP) – El Salvador on Tuesday becomes the first country in the world to accept bitcoin as legal tender, despite widespread domestic skepticism and international warnings of risks for consumers….

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Photo by Ozan KOSE / AFP

Bitcoin jumps above $50,000 for first time since May

Hong Kong (AFP) – Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The unit climbed around…

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(Photo by Yuri CORTEZ / AFP)

PayPal to let UK users buy, hold and sell cryptocurrency

PayPal on Monday said it will this week begin to allow users in Britain to buy, hold and sell cryptocurrency through the online payment platform for the first time. The…

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Bitcoin soared 10 percent to top $38,000 on July 26, 2021. (Photo by Ozan KOSE / AFP)

Amazon eyes cryptocurrency but not poised for Bitcoin

New York (AFP) – Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency….

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Adoption matters most in crypto trade, with giant techs expected to join the craze – Bitkub.com CEO

Adoption matters most in the cryptocurrency and blockchain industries, while giant techs “of the caliber of Google, Amazon, and Apple” are expected to diversify their assets into cryptocurrency, said Bitkub.com…

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A Bitcoin digital currency ATM shop in Marseille, southern France, on January 8, 2021. (Photo by NICOLAS TUCAT / AFP)

Cryptocurrency gains momentum in Thailand, across globe     

Proponents of cryptocurrency are celebrating after the Securities and Exchange Commission (SEC) reached a conclusion on how to regulate trading of the asset in Thailand. “Very glad to see this…

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The photo, taken in January 2020, shows a physical imitation of a Bitcoin in Dortmund, western Germany. (Photo by INA FASSBENDER / AFP)

The rewards (and risks) of Thailand’s big bet on cryptocurrency

As more people and businesses invest in digital currencies, the Bank of Thailand (BOT) faces the delicate task of trying to balance financial stability and investor protection on the one…

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Inside the electrifying rise of Bitcoin

The soaring price of Bitcoin is making headlines around the globe following news that electric-car maker Tesla, one of the world’s largest auto firms by market valuation, has invested $1.5…

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Thailand and world prepare for cryptocurrency challenges

The Libra project has shaken the global financial scene since Facebook, with a group of founding members, announced the proposed cryptocurrency last month. The plan to launch a new currency…

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