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Thailand SEC Eyes Approval of 5 ICOs out of 50 Applicants This Month

Thailand’s Securities and Exchange Commission (SEC), the country’s capital markets authority, is reportedly expecting to approve five initial coin offerings (ICOs) this month. According to a report by the Bangkok Post, the Thailand SEC is expecting five ICO projects to register – that it deems ready – and move ahead for fundraising procedures out of The post Thailand SEC Eyes Approval of 5 I...
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‘Project Inthanon’: Thailand Will Trial Central Bank Digital Currency

Thailand’s central bank chief has confirmed research into a number of blockchain applications in banking including Project Inthanon involving a central bank digital currency used for interbank settlements. In a speech [PDF] centered on Thailand’s economy at a financial summit in Singapore on Tuesday, Bank of Thailand (BoT) governor Veerathai Santiprabhob revealed a broad effort The post ‘Project I...
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Major Banks Pilot Successful Thailand-Singapore Blockchain Remittance

A joint effort by major banks in south-east Asia has led to a successful blockchain-powered cross-border funds transfer in real-time from Thailand to Singapore. In an announcement on Tuesday, Thailand’s Bank of Ayudhya – commonly referred to as Krungsri – revealed a successful pilot test involving an international remittance from a domestic bank account to The post Major Banks Pilot Successful Tha...
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Thailand Tax Authority Waives 7% VAT on Individual Cryptocurrency Investors

Criticism over newly introduced legislation mandating taxes on cryptocurrency transactions has seen Thailand’s tax authority waive a value-added tax (VAT) on individual cryptocurrency adopters. First drafted in mid-March, a governmental decree to fast-tracked legislation that enforced taxes on cryptocurrency-related investments came into effect this week on Monday. In announcing the government’s p...
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