Latest Thailand News

  • Thai Authorities Go After Crypto in Search for Drug Money
    Thai Authorities Go After Crypto in Search for Drug Money
    Authorities in Thailand are determined to hunt down the country’s well-hidden drug lords by going after everything from gold shops to oil, construction firms - and cryptocurrency, a new report by news agency AFP claims. According to the report, it is the recent downfall of a large meth syndicate, which allegedly laundered tens of millions of US dollars through various
  • OmiseGO's Parent Company SYNQA Raised $80 Million in Series C
    OmiseGO's Parent Company SYNQA Raised $80 Million in Series C
    According to Thailand-based company SYNQA, the firm will use the $80M investment to ‘deepen its footprint’ in cashless societies in Asia. SYNQA, the parent company of OmiseGo formerly known as Omise Holdings, raised $80 million in a fundraising round for new cashless payment ventures. In a June 22 announcement, Thailand-based fintech company SYNQA stated it had raised $80 million in a Series C funding round led by Siam Commercial Bank subsidiary SCB 10X and the Asia-based venture capital group SPARX.
  • Thai Central Bank Taps Cement Company for First Digital Currency Payments
    Thai Central Bank Taps Cement Company for First Digital Currency Payments
    The Bank of Thailand is integrating a CBDC payments system into the financials of the country’s oldest cement company in an extension of its Inthanon project.
  • Bank of Thailand Projected to Go Forward with Central Bank Digital Currency Prototype
    Bank of Thailand Projected to Go Forward with Central Bank Digital Currency Prototype
    The Bank of Thailand (BOT) announced its plans for a Central Bank Digital Currency (CBDC) prototype to be in effect by 2021.
  • Bank of Thailand Launches Digital Currency Pilot Project
    Bank of Thailand Launches Digital Currency Pilot Project
    The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country. The Bank of Thailand announced that it plans to develop a prototype to test real-life business use cases of its central bank digital currency (CBDC). The bank said in its official statement that before it launches the CBDC payment system for all businesses, it plans to test it with large-scale enterprises.  They have partnered with the largest cement and building material provider in Thailand, Siam Cement Group (SCG), and Thailand-based fintech firm Digital Ventures Company Limited to pilot test their payment prototype system. The project is scheduled to start in July 2020 and the pilot test with SCG is expected to conclude by the end of this year.
  • Thailand’s Central Bank Unveils Plans For National Digital Currency Prototype In July
    Thailand’s Central Bank Unveils Plans For National Digital Currency Prototype In July
    The Bank of Thailand (BOT) has announced plans to develop a payment system prototype for businesses through the use of Central Bank Digital Currency (CBDC), according to a report published by the bank on Thursday.
  • Bank of Thailand to launch prototype for digital currency payment system
    Bank of Thailand to launch prototype for digital currency payment system
    Next month, Thailand’s central bank will start work on a prototype for a payments system that uses a central bank digital currency, or CBDC.
  • Thailand to Raise $6.4M With Sale of Blockchain-Based Bonds
    Thailand to Raise $6.4M With Sale of Blockchain-Based Bonds
    The Thai Public Debt Management Office plans to sell the cheaply priced bonds through a state-owned bank’s blockchain e-wallet.