Thailand threatens Facebook over crypto scams and other fraudulent ads
Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams.
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From Thailand to South Africa, regulators tighten their grip on crypto: Law Decoded, July 3–10
South Africa’s financial regulator has announced that all crypto exchanges in the country must obtain licenses by the end of 2023.
Thailand launches retail CBDC pilot with 2 banks and Singapore payment service
The project, delayed from last year, will enlist bank employees and nearby businesses for the pilot. Each payment provider has launched its own app.
SEC of Thailand wants public feedback on crypto lending, staking ban
Thailand's securities regulator believes that crypto firms should not be allowed to deploy users’ deposits and provide lending services.
SEC of Thailand issues crypto custody provider rules
The Thai securities regulator now requires crypto custodians to have a contingency plan in case of occurrence of any unforeseen events.
Bank of Thailand to allow first virtual banks by 2025
By allowing virtual banks, Thailand seeks to boost competition and economic growth.
5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech
The pact between the two nations' financial technology associations will see cooperation on technology, including blockchain, to power their respective financial industries.
Thailand SEC to apply strict guidelines for crypto ads
Cryptocurrency-related adverts in Thailand will have to meet strict rules as the Securities and Exchange Commission looks to emulate foreign standards.
The Bank of Thailand to pilot Retail CBDC by the end of 2022
The Retail CBDC will be tested in a limited retail environment with 10,000 participants and three major banks.
Huobi to permanently shut crypto operations in Thailand
Huobi Thailand failed to fix system issues despite several extensions given by the Thai SEC.