cryptocurrency
- Thailand News
Thai government to ease tax rules for investments in digital assets
The Thai government has approved the easing of tax rules for digital assets in order to promote and develop the industry. The move comes amid a surge in cryptocurrency trading in the kingdom, according to a Reuters report. Finance Minister Arkhom Termpittayapaisith says the relaxed rules means cryptocurrency traders can offset annual losses against gains in the case of taxes…
- Thailand video news
Thailand News Update | Only Fans Girl “Shoots herself in the foot”
The cabinet eventually caved in this week by agreeing to cut the excise tax on diesel by three baht per litre, from the current 6 baht tax. This will for up to three months to help ease the impact of high energy prices on the cost of transport and consumer goods in Thailand.The cabinet approved halving the price until May…
- Thailand News
NFTs explained – What is it and how does it work
NFTs has been gaining popularity over the past two years. From art and music to Jack Dorsey’s first tweet and toilet paper, these digital assets are selling for up to millions of dollars. In December 2021, an anonymous artist Pak sold 266,445 shares of his NFT Merge for $91.8 million on Nifty Gateway. He is now known as the most…
- Travel Guides
Hotel trends to watch in 2022- Check-in like a VIP
If you are wondering what could be in store for hotels in 2022, this guide is for you. The twist and turns of changing restrictions have affected the hospitality industry to a great extent. The good news is that the hotels will be trying their very best to make you happy in this pandemic. Hotels have been incorporating new trends…
- Thailand News
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…
- Property
Crypto and digital nomads could boost Thailand’s real estate market
As cryptocurrency is the new payment option of the modern era, many real estate developers are now supporting their payments through it. And, as it is still new to the Thai real estate market, experts say its growth potential is huge. As it can serve as a new alternative to real estate trading, it can help real estate developers offer…
- Thailand News
Thai authorities issue warning on Trang temple’s cryptocurrency
Cryptocurrency investors in Thailand are being warned not to invest in Somdejcoin, or SDC, which is named after a revered Buddhist monk and developed by a temple in the southern province Trang. Thailand’s Securities and Exchange Commission, or SEC, issued an official statement yesterday warning traders and investors about the decentralised finance token, claiming that the coin’s investment data is…
- 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…
- Economy News
Bitkub company and crypto-coin value surges as SCB buys 51% of shares
Cryptocurrencies just got a big boost in Thailand as Siam Commercial Bank Group’s parent company SCBX struck a deal to take over 51% of shares of Bitkub from its parent company Bitkub Capital Group Holdings, a deal valued at 17.85 billion baht. SCB Securities will hold the shares and collaborate with Bitkub to create a national infrastructure with a digital…
- 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…
- Thailand News
Plans for digital or crypto assets – the TAT Coin – to grow tourism
The Tourism Authority of Thailand is considering jumping into the world of digital assets by launching its own tourism-based utility token called the TAT Coin. Crypto is often looked at as the way of the future, and traders are considered high-value, big-spending tourists, especially those that work as digital nomads and stay long-term. Discussions are underway with the Securities and…
- World News
El Salvador: first country worldwide to make bitcoin legal tender
Cryptocurrency has been making inroads at gaining more and more mainstream acceptance, but this week marked a new major milestone. El Salvador just became the first country worldwide to accept bitcoin as legal tender, on Monday purchasing 400 bitcoins at a price of US $21 million. The announcement caused such a swell of interest, the country’s cyber wallet system was…
- Technology News
Porn may open the door to the mainstream for cryptocurrency
Cryptocurrency has grown a strong following of hardcore supporters but has yet to gain widespread acceptance and ease of use. But now another hardcore faction might help bridge the gap and open the doors to wider usage: porn. After OnlyFans became the latest website/porn service to see its value and success hanging in the balance of a battle between its…
- 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…
- Pattaya News
Na Jomtien man electrocuted mining bitcoin
The volatility of bitcoin trading can be shocking, but so too can actually mining it, as a Na Jomtien resident unfortunately found after being electrocuted by his mining machine. The body of a 26 year old man named Danai was found this morning after apparently being electrocuted to death by the computer equipment he was using to mine bitcoin. The…
- Economy News
Bitcoin dives to $30k, a drop to less than half its peak price
Bitcoin saw the biggest drop of this year, returning it to levels it hadn’t seen since January, falling at one point to just over US $30,000. The past week has seen large amounts of selling of the cryptocurrency and value had dropped to less than half of its peak price last month of $64,829. Bitcoin experienced a 30% drop in…
- 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…
- Crime News
US charges 3 North Korean officials with stealing cryptocurrencies
The US Justice Department is accusing North Korea of stealing crypto and traditional currencies and is charging 3 military intelligence officials with the alleged crime. President Joe Biden is calling the incident a “global campaign of criminality.” The accusations include hacking and malware operation cyberattacks to steal $1.3 billion US dollars from banks and other institutions. The actions were allegedly…
- 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…
