EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 15th - According to the China State Railway Group, from January to July this year, the national railway system transported 2.8 billion passengers, a year-on-year increase of 4.1%, setting a new record for the same period.August 15th – Today (August 15th) marks the fourth National Ecological Day. The China Consumers Association today released the "China Consumer Green Consumption Guide (2026 Edition)". The guide focuses on the "3060" carbon peak and carbon neutrality target, using daily life as a foundation to help consumers increase their knowledge of green consumption, enhance their confidence in green consumption, and cultivate sustainable lifestyles. Based on my countrys socio-cultural background and residents daily life scenarios, the guide systematically proposes 50 action suggestions covering four major consumption areas: food, travel, energy, and daily necessities. These include advocating for the "Clean Plate Campaign," reducing the use of disposable tableware, promoting low-carbon travel, and encouraging prioritizing public transportation, cycling, or walking.Artificial Intelligence: 1. Alibaba open-sources Qwen 3.8, with its large-scale model exceeding 3 billion downloads globally. 2. Oracle: The Jupiter Project, its AI data center park project, is progressing as planned. 3. Apple reportedly moves beyond simply "borrowing" resources, partnering with Alibaba to train a large-scale model specifically for the Chinese market. 4. Zhipu: Releases the GLM-5.3 model, demonstrating better performance in complex coding and long-term tasks. 5. The Dark Side of the Moon issues a solemn statement: Be wary of suspicious transactions; suspected illegal and criminal activities have been reported to the public security authorities. 6. Broadcoms stock price fell nearly 7% intraday on Friday, as the market focused on its financing model behind its AI infrastructure expansion. 7. Anthropic reported preliminary revenue exceeding $11.5 billion for the second quarter of 2026, while also reporting positive adjusted operating profit. Other: 1. Turkey plans to launch a lunar probe early next year. 2. South Koreas ICT exports grew by 140% in July, setting a new record for July. 3. Guangdongs first "Token Loan" was launched, with initial trial loans reaching 28 million yuan. 4. Goldman Sachs is reportedly in talks to participate in Nvidias $500 billion AI funding round. 5. LG partners with Nvidia to launch a new generation of humanoid robots in the first quarter of next year. 6. Nvidia is reportedly scaling back its plan to provide $250 billion in guarantees for OpenAI data centers. 7. Yonhap News Agency: SK Group Chairman Chey Tae-won has appealed the verdict in his record-breaking divorce case. 8. SEC filings show that SoftBank Group has reduced its stake in TSMC by 71.5%, down to 565,000 depositary receipts.August 15th - According to the UAE News Agency, Abu Dhabi National Oil Company (ADNOC) stated that one of its vessels was attacked while sailing in the Strait of Hormuz on the evening of the 14th. No casualties were reported. ADNOC is the UAEs state-owned oil and gas company. The UAE has recently claimed on several occasions that its vessels have been attacked while transiting the Strait of Hormuz. The UAE Ministry of Foreign Affairs issued a statement early on the 14th stating that two ADNOC oil tankers were attacked by Iran while transiting the Strait of Hormuz on the evening of the 13th.August 15th - According to Indonesian rescue authorities, the earthquake has so far caused one death. The China Earthquake Networks Center officially measured a 7.7-magnitude earthquake at 5:58 AM on August 15th in the sea area near Flores Island, Indonesia (8.40°S, 121.40°E), with a focal depth of 20 kilometers.

Thailand’s SEC Greenlights 4 Crypto Companies Amid Zipmex Turmoil

Jimmy Khan

Aug 08, 2022 14:28

微信截图_20220808140940.png


As one of the first nations in Southeast Asia to pass legislation that directly handles digital assets, Thailand, a nation with over 3.6 million bitcoin users, has opened its doors to firms involved in the industry.


In fact, the tourism ministry has gone so far as to lay out plans for turning the nation into a refuge for international tourists interested in Bitcoin. In light of this, some cryptocurrency businesses have received formal approval from Thailand's financial authorities.

License

Four further operators of digital assets have received licenses from Thailand's Securities and Exchange Commission (SEC). These include T-BOX, a cryptocurrency exchange, and Krungthai XSpring, a full-service brokerage connected to one of the nation's top banks.


Coindee, a cryptocurrency adviser and fund manager, and Leif Capital Asset Management, which also manages funds, are the other two businesses that received regulatory permission. Notably, the four companies have not yet begun operations since the SEC is checking over their offerings.


As a result of these developments, Thailand currently has 21 fully regulated operators of digital assets, including 9 exchanges, 9 brokers, and 3 fund managers. It happens at the same time that the SEC has opened an inquiry into Singaporean exchange Zipmex (which also does business in Thailand) for allegedly breaking trading regulations by preventing client withdrawals last month. Soon later, the SEC disclosed that users of Zipmex may contribute data through an online forum on the company's main website.


The regulator alleges that Zipmex provided insufficient justification for stopping withdrawals, and as a result, the company restored withdrawals for smaller alternative currencies while keeping bigger assets like Bitcoin (BTC) and Ethereum (ETH) frozen.

Bitcoin Stance

Thailand was seen as having a more open and progressive position after 2018 when the Digital Asset Act, which originally meant to address security, fraud, and initial coin offers (ICO), was passed. In Thailand, 5.2 percent of the overall population owns digital assets.


Regulations changed over time, and most recently the government abandoned its original proposal to retain 15% of bitcoin transactions. The first blockchain education and research program in the nation was established via a collaboration between the Chulalongkorn University and the blockchain network Tezos.


In order to support the business, Thailand has further loosened tax regulations until the end of 2023, allowing cryptocurrency dealers on government-approved exchanges to avoid paying a 7 percent value-added tax (VAT).


On April 1 of this year, Thailand's Security and Exchange Commission, citing worries about money laundering and financial instability, outlawed the use of cryptocurrencies as a form of payment. The SEC said that because of their volatility and high transaction costs, digital assets do not increase the efficiency of the payments system. However, it was made clear that the restriction does not apply to trading in cryptocurrencies, just to using them to make payments.


Nevertheless, with the bull market in full force in 2021, Thai crypto volumes increased by 600%. The world's biggest cryptocurrency exchange by trading volume, Binance, was said to be attempting to re-establish itself in Thailand by establishing a jointly owned Gulf Binance crypto exchange with Gulf Innova earlier this year.

Suggestion