Search Results for: cryptocurrency
- Thailand News
British cryptocurrency trader assaulted and robbed in Bangkok
Five foreign nationals have been arrested for allegedly robbing and assaulting a British cryptocurrency trader in Bangkok, tying him up and inflicting serious injuries. The suspects deny the charges and have requested to give their testimony in court. Police Colonel Wachirakorn Wongboon from Khlong Tan Police Station yesterday, July 14, led a team to apprehend five suspects involved in the…
- Thailand News
How Thailand’s consumer behaviour is being affected by cryptocurrency
Many investors believe that cryptocurrencies have significant potential as investment assets. To cater to this interest, financial products related to traditional asset classes have been introduced in various countries. These products include futures contracts, exchange-traded funds (or more commonly referred to as ETFs), and micro futures contracts, which allow for smaller-scale investments. Furthermore, several major banks now offer their clients…
- Business News
How Cryptocurrency is changing consumer behaviour in Thailand
Cryptocurrencies like bitcoin or similar have played a significant role in the global economy in recent times, and Thailand is just one of the countries where these changes are taking place. Since the country has a young population, and this population is actually tech-savvy, it didn’t take long for cryptocurrencies to be adopted. While the popularisation of cryptocurrencies in Thailand…
- Thailand News
Thai police bust major cryptocurrency mining operation
Thai police apprehended multiple individuals and confiscated over 650 cryptocurrency mining devices valued at over 200 million baht in Samut Sakhon and Ratchaburi, following an investigation into suspected electricity theft. The high-profile crackdown involved officers from the Cyber Crime Investigation Bureau (CCIB) and Provincial Electricity Authority (PEA) officials, who targeted the locations due to their exceptionally high power usage. The…
- Crime News
Thai model caught in billion baht cryptocurrency scams and money laundering bust
Royal Thai Police swooped on 30 targets, capturing an illicit Chinese network involved in cryptocurrency scams, romance scams, and money laundering. The operation, led by Police Colonel Siriwat Deephor, Director of the Anti-Money Laundering Office (AMLO), and his team of over 200 officers, resulted in the arrest of the infamous model, known as Kiki Maxim, and the seizure of almost…
- Thailand News
Nationwide cyber police crackdown disrupts major China-backed cryptocurrency fraud operation
A nationwide operation led by the Cyber Crime Investigation Bureau (CCIB) successfully raided 29 key locations, effectively dismantling a large-scale China-backed cryptocurrency fraud call centre network. The CCIB seized considerable cash assets and a Rolls-Royce car. High-profile raids were orchestrated yesterday in three cities, Bangkok, Pathum Thani, and Chon Buri. Although endorsed by the infamous Tak City director, the CCIB’s…
- Phuket News
Cryptocurrency conundrum: Cyber sleuths collar 25 year old suspect in 1.4 million baht Phuket fraud
A burgeoning cryptocurrency fraud case took a significant turn as a 25 year old man was apprehended by the Cyber Crime Investigation Bureau (CCIB) in Phuket. Suspected of being a money mule within a criminal operation, authorities allege the man, named Toei, opened a bank account aiding a cryptocurrency fraud enterprise scamming over 1.4 million baht from unsuspecting individuals. The…
- Crime News
Bangkok’s luxury properties raided in expansive search for cryptocurrency fraudsters
In an international operation named ‘Trust No One,’ the Thai Cyber Police launched an extensive quest for cryptocurrency fraudsters involved in a worldwide scam worth billions. The second phase of the operation led to a dramatic search in upmarket properties across Bangkok today, revealing stunning details about a Chinese couple’s involvement in the fraud. The Cyber Police, led by Damrongsak…
- Business News
Former Coinbase product manager sentenced in first cryptocurrency insider trading case
In a landmark legal decision, a former Coinbase Global Inc. product manager has been sentenced to two years in prison in what is being deemed the United State’s first case of insider trading involving cryptocurrency. Ishan Wahi, 32 years old, received his sentence from US District Judge Loretta Preska in a Manhattan federal court yesterday after pleading guilty to two…
- World News
After year of cryptocurrency turmoil, investors see long winter ahead
After a year of cryptocurrency turmoil, exchanges and investors are hoping for at least a rebound in 2023. Last year’s volatility tested even the truest of believers as exchanges and funds went into meltdown. Valuations collapsed, enterprises folded and thousands of people lost their jobs. Can the industry reemerge stronger than ever? Can it reemerge at all? After a cruel…
- Thailand News
The Journey to Legalizing Cryptocurrency in Thailand ft.Topp Jirayut | Thaiger Podcast
Topp Jirayut Srupsrisopa, Founder and Group CEO of Bitkub Capital Group Holdings Co., Ltd., — the LARGEST blockchain and digital asset group of companies in Thailand. He is one of Thailand’s youngest leading bitcoin and open blockchain experts with more than 8 years of experience in the blockchain industry. Topp is also an Executive Board Member and Vice President at…
- Hot News
1 of 6 suspects arrested in Koh Samui Russian cryptocurrency extortion case
A suspect in the Koh Samui Russian realtor couple extortion case has been arrested in the province of Chon Buri. The suspect, Andrey Nizhegorodtsev, 37, a Kazakhstani, was arrested at a house in tambon Huai Yai of Bang Lamung district Wednesday afternoon. Police charged him with physical assault without causing bodily or mental harm, collusion in theft, and coercing people…
- Thailand News
Thailand exempts cryptocurrency transfer VAT until 2023
The Royal Thai Government Gazette has formally announced a VAT exemption for transferring cryptocurrency from now until the end of 2023. The cabinet had approved the exemption of the value added tax, or VAT, for transferring cryptocurrency or digital tokens in March. Yesterday, the decision was passed into Thai law and will be in effect from yesterday until December 31,…
- Thailand News
Cryptocurrency payments banned in Thailand, trading still okay
You can put your hopes to rest as Thailand will ban any use of cryptocurrencies as a form of payment. Officials believe that its widespread use will harm the country’s financial system and economy. The new rules that prevent using digital currencies as a form of payment will take effect from April 1. Businesses are given extra time until the…
- World News
Australia plans to sue Facebook owner over scam ads for cryptocurrency
Australian officials are suing Facebook’s owner, Meta Platforms, over scam ads for cryptocurrency schemes. The ads feature well-known Australians, including a politician and a businessman, who they claim endorse the schemes. In reality, the figures never endorsed the schemes, or approved the ads. Australia’s consumer protection commission said the ads also contained links to fake articles with quotes claiming to…
- Thailand News
Cryptocurrency ban in China fuels Thailand’s crypto mining boom
China’s recent ban and crackdown on cryptocurrency has fuelled a cryptocurrency mining boom in Thailand as small investors quickly buy up the equipment that are now useless in China. In September, China’s central bank declared all digital currency trading and mining illegal. Some of the largest Bitcoin mining operations in the world relocated while many smaller miners are now selling…
- World News
7 people arrested over kidnap and torture of a cryptocurrency investor in Hong Kong
Seven people were arrested by Hong Kong police on Sunday over alleged involvement in the kidnap for ransom and torture of a man who was entangled in a cryptocurrency scam. According to police, the victim was badly beaten and assaulted with hammers and metal chairs by a gang and held captive for about a week. The 39 year old victim…
- Press Room
Cryptocurrency is now accepted at Silavadee Pool Spa Resort in Koh Samui
Press Release Silavadee Pool Spa Resort becomes the First Resort in Koh Samui to accept Cryptocurrency. Koh Samui, 2021 – Silavadee Pool Spa Resort is becoming the first resort in Koh Samui to accept cryptocurrency for hotel bookings worldwide. Miss Chonlada Soonthonvasu, Managing Director of Silavadee Pool Spa Resort said, “As the popularity of online booking channels grows, people are…
- Thailand News
Leading Thai shopping centre developer exploring cryptocurrency rollout
Thai retailer Central Retail Corp is piloting a digital currency based on blockchain technology, which it is currently rolling out to employees around the world. Bloomberg reports the cryptocurrency, dubbed “C-Coin”, is being distributed to Central’s 80,000 global employees on merit, in addition to their usual compensation, with it able to be used in place of cash at restaurants or…
- World News
China announces cryptocurrency trading is illegal
China’s central bank has announced that all transactions using cryptocurrencies are illegal and have increased crackdown efforts on illegal mining of the currencies in China. Chinese banks have been prohibited from handling cryptocurrencies for nearly a decade, but traders have continued to buy and sell cryptocurrencies surreptitiously for years. China has also previously been considered one of the biggest producers…
- Economy News
SEC fears cryptocurrency trading by inexperienced traders
The Securities and Exchange Commission in Thailand is worried about crypto investor ignorance as cryptocurrency trading volume in Thailand surged to 700 to 800 billion baht over the past 10 months. The chief executive of Zipmex Thailand predicted trading will hit 1 trillion baht by the end of 2021. At the PostToday Cryptocurrency Forum 2021 yesterday the Zipmex executive said…
- Economy News
China arrests 1,100 in cryptocurrency money laundering bust
In what will only fuel perception in China that cryptocurrency is nothing more than a money laundering tool, security officials have arrested 1,100 people accused of using criminal profits to buy crypto. Chinese officials have been cracking down on cryptocurrency trade, which is banned in the country. The Ministry of Public Security in China says that Chinese police reportedly caught…
- Economy News
Thailand requires in-person registration for cryptocurrency
Thailand has launched new regulations for anybody opening a cryptocurrency account that requires physical registration and forbids online setup. The Anti-Money Laundering Office created this rule that goes into effect in September 2021 in an effort to reduce money laundering, a practice that plagues crypto. People registering a cryptocurrency account in Thailand will be required to scan their Thai ID…
- Thailand News
Covid-19 brings surge in gold and cryptocurrency investment
In the uncertain times of the Covid-19 pandemic, investors are leaning towards safe investments like gold and also the emerging cryptocurrency market. Gold prices hit a 7 week high at over 55,000 baht on Thursday and around April 15 online gold transactions in Thailand doubled. One reason for the rise in gold price is uncertainty, with tensions growing between the…
- Thailand News
Bank of Thailand wrestles with cryptocurrency adoption
The Bank of Thailand is wrestling with cryptocurrency – how to adopt its usage and how to regulate it in the face of growing popularity, along with all the dynamics surrounding the new ‘currencies’.. The BOT admits they’re struggling with balancing the innovation in the financial world and protecting investors in a volatile and unstable market. Digital currency fluctuates much…
- Thailand News
Thailand tourism officials want to attract Bitcoin and other cryptocurrency holders
Got Bitcoin? You may soon be able to spend it in Thailand. The country’s tourism officials want to draw in cryptocurrency holders and plan to first target tourists from Japan, the one of the world’s top holders of Bitcoin. The idea is to draw in more high spending tourists, according to Tourism Authority of Thailand governor Yuthasak Supasorn. With the lack…
- World News
North Korea steals $300 million USD in cryptocurrency for nuclear weapons – UN report
Hackers in North Korea stole cryptocurrency worth more than $300 million USD to pay the government’s nuclear weapons and ballistic missiles, according to a confidential report by United Nations experts monitoring sanctions on the country’s capital Pyongyang. From 2019 to November 2020, North Korea stole around $316.4 million USD worth of “virtual assets,” according to AFP, which obtained a copy…
- News
Cryptocurrency-tax ‘will hit economy’
New tax measures aimed at curbing the Thai initial crypto-coin offering (ICO) market will adversely affect the economy as the measures could drive investors and entrepreneurs overseas, according to experts. The Royal Gazette this week announced a new set of laws related to digital asset businesses, an amendment of the Revenue Code to regulate and impose high taxes on transactions.…
- Thailand video news
Thailand Video News | Six Vietnamese nationals found dead in Bangkok hotel, Man kills wife in drunken rage over hygiene dispute
In Thailand Video News today, Alex talks about the six Vietnamese nationals who were found dead in a Bangkok luxury hotel after allegedly drinking poisoned tea and coffee. A man in a drunken rage has killed his wife with a wooden stick after being told she hadn’t bathed. Governor Chadchart Sittipunt has inspected Bueng Makkasan in Ratchathewi due to an…
- Guides
Upcoming trends for trading in 2024
2024 is poised to be a game-changing year for the FX and CFD markets. With the integration of AI technologies and a growing emphasis on mobile trading, industries are adapting to keep pace with global shifts. Here are the top 5 upcoming trends for trading in 2024. 1. Artificial Intelligence will remain at the forefront With the continuous advancement of…
