cryptocurrency
- Economy News
Lungtoo, A PM Prayut-themed Thai meme crypto, debuts
For those looking to get into the cryptocurrency craze in the shadiest way possible while also offending the Thai government, the perfect option now exists. Say hello to Lungtoo, the newest meme crypto be making its way through the Thai blockchain community. The name is pronounced like the Thai translation of Uncle Tuu, the affectionate nickname given to PM Prayut…
- 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
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…
- Koh Samui News
British man arrested on Koh Samui for alleged meth-fuelled shooting spree on speedboat
A 33 year old British man has been arrested on the holiday island of Samui for allegedly firing gunshots from a speedboat while high on drugs. According to a report in the UK’s Daily Mail, Benjamin Robert Simpson, a cryptocurrency trader, allegedly fired a handgun several times, in the direction of the Four Seasons Hotel, where he was a guest.…
- Business News
Thailand opens doors to cryptocurrencies – Thaiger Bites
Divisions are forming across Asia with regards to cryptocurrencies. Some nations such as China are constantly stomping on anything to do with crypto assets but others, Thailand being the latest, are opening their digital doors to the fledgling industry. Over the past year Thailand has warmed to crypto and this latest raft of official licenses is a big boost to…
