Technology News
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5 ways retirees in Thailand lose money (and how to stop it)
Retiring in Thailand can be affordable and enjoyable, but many retirees lose money due to common mistakes. High living costs, scams, and unexpected expenses can quickly drain savings. There are five ways that retirees in Thailand can lose money and...
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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…
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TikTok content moderators sue over exposure to disturbing content
Maybe it’s an “Okay Boomer” thing, but many of our readers may find scrolling endlessly through the short and often obnoxious videos that make up the TikTok app somewhat nauseating. But if you think what’s published on there is bad, the millions of videos that don’t make the cut are far, far worse. That content is blocked by a team…
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Online shopping division added to fight rising internet fraud
To deal with a sharp rise in internet fraud, an online shopping division has been established as part of the Office of the Judicial Administration Commission. The office was officially created Tuesday having been published in The Royal Gazette on Monday. The OJAC observe that the world lives more and more online, and the Covid-19 pandemic has only further fueled…
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Bank of Thailand concerned with banks trading in digital assets
The Bank of Thailand said they don’t want commercial banks to directly trade in cryptocurrency and digital assets due to their extreme volatility. Thai lenders have been investing more and more in digital asset exchanges in Thailand with several banks making deals in the digital currency space. Siam Commerical Bank recently purchased a 51% share of Bitkub for 17.85 billion…
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