Thailand | Crypto

BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits. Bank Negara Malaysia and the Bank of Thailand joined Singapore’s BLOOM initiative on Friday as policymaker members. BLOOM, short for Borderless, Liquid, Open, Online, Multi-currency, is a public-private initiative that intends to help financial institutions use stablecoins and tokenized deposits for cross-border payments. According to the Monetary Authority of Singapore, BLOOM aims to cut costs and help institutions bring services to market faster by reducing the need for institutions to set up arrangements with each counterparty or market. Read more

Thailand’s SEC says several asset managers have sought consultations on spot crypto ETFs, but it cannot confirm whether the first funds will launch in 2026. Thailand’s new spot cryptocurrency exchange-traded fund (ETF) framework is attracting interest from asset managers, but the regulator has yet to receive its first application. Several asset management companies have approached Thailand’s Securities and Exchange Commission (SEC) for consultations about launching crypto ETFs, the regulator told Cointelegraph in a statement Thursday. “However, no asset management company has yet submitted an application for approval to establish a crypto ETF,” the SEC said, without identifying the companies involved. Read more

Thailand’s new Bitcoin and Ether ETF rules take effect Friday, but CoinShares expects modest initial inflows as existing investment options compete for demand. Thailand’s first crypto exchange-traded funds (ETFs) may get off to a slow start despite Bangkok’s efforts to expand access to regulated digital asset investments. “I would expect modest inflows initially, with tens of millions of US dollars across the first products a more realistic starting expectation than billions,” James Butterfill, head of research at digital asset investment firm CoinShares, told Cointelegraph. The country opens a new route for crypto exposure on Friday as its rules for Bitcoin (BTC) and Ether (ETH) ETFs to list on the Stock Exchange of Thailand take effect. Read more

The SEC says the framework takes effect Oct. 16, with Bitcoin and Ethereum initially eligible and product-risk education required before trading. The post Thailand wants a piece of the $120 billion Bitcoin and Ethereum ETF market, but on its own terms appeared first on CryptoSlate.

Thailand’s new crypto rules taking effect Oct. 16. They allow Thai asset managers to launch crypto ETFs on the local stock exchange, with bitcoin and ether initially eligible.

The rules are set to take effect next week, allowing crypto ETFs to trade exclusively on the Stock Exchange of Thailand. Thailand’s Securities and Exchange Commission on Thursday finalized rules allowing crypto exchange-traded funds (ETFs) to list on Thailand’s main stock exchange, limited initially to Bitcoin and Ether. The regulator said the rules will take effect on Oct. 16, 2026. Crypto ETFs must be listed for trading exclusively on the Stock Exchange of Thailand. Products linked to foreign crypto ETFs, such as depositary receipts, will not be permitted initially, while Thai brokers will remain barred from facilitating investments in overseas crypto ETFs for retail investors outside institutions and ultra-high-net-worth individuals. “We have previously seen examples in the United States where the launch of the Spot Bitcoin ETF and Spot Ethereum ETF created new avenues for institutional and retail investors to easily access digital assets,” Attakrit Chimphlapibul, co-founder of Bitkub Group, told Money and...

Licensed crypto firms could accept deposits and withdrawals only through accounts verified as the customer’s own. The post Thailand’s stablecoin proposal would block transfers to other people’s wallets appeared first on CryptoSlate.

Licensed operators must add recipient data to transfers, collect extra details above 30,000 baht and verify some self-hosted wallets. The post Thailand puts private wallets and offshore crypto transfers on notice in a major new crypto rule appeared first on CryptoSlate.

Thailand adopted a crypto Travel Rule requiring digital asset operators to verify control of self-custodial wallets and retain transaction data for five years. Thailand is tightening oversight of crypto transfers, including transactions involving self-custodial wallets, as it moves to align with global Anti-Money Laundering (AML) standards. Thailand’s Securities and Exchange Commission (SEC) issued new Travel Rule regulations requiring digital asset operators to collect information about parties involved in crypto transfers, the regulator announced Wednesday. The rules will take effect on Feb. 27, 2027, giving crypto businesses nearly six months to develop systems for transmitting, receiving and monitoring transaction information. Read more

Thailand’s SEC seeks comments on rules requiring retail-accessible overseas crypto derivatives to trade on qualifying, centrally cleared exchanges. Thailand’s Securities and Exchange Commission (SEC) has proposed allowing intermediaries to facilitate retail access to certain digital asset derivatives traded overseas.  Under the proposal, eligible products would need to resemble crypto derivatives traded in Thailand, including their underlying assets, maturity, leverage and settlement methods.  The products must also trade on an exchange that uses a central counterparty for clearing and is overseen by a regulator belonging to specified international regulatory or exchange groups.  Read more

The proposal starts with Bitcoin and Ethereum, SET-only trading and primarily Thai-regulated custody, with comments due Sept. 20. The post Thailand is rewriting its stock exchange rules to trap billions in Bitcoin ETF wealth strictly inside its own borders appeared first on CryptoSlate.

Thailand’s SEC opened consultations on local Bitcoin and Ether ETF rules and qualification standards for foreign digital asset custodians. Thailand’s Securities and Exchange Commission (SEC) has advanced its framework for locally listed spot Bitcoin and Ether exchange-traded funds (ETFs) from proposed principles to draft regulations while revising its approach to foreign digital asset custodians. The regulator said Monday it is seeking feedback on two consultation papers. One contains draft regulations for Thai crypto ETFs, while the other proposes principles governing the qualifications of foreign digital asset custodians engaged by mutual and private funds investing in digital assets. During the initial stage, asset managers could establish passive ETFs tracking Bitcoin (BTC) or Ether (ETH), the only two eligible crypto assets. Read more

The Bitcoin Red Team has been forced to rely on open source Chinese AI, after OpenAI restricted access. Thailand sets crypto tax to 0% in bid to become crypto hub. THAILAND For the next few years crypto investors in Thailand won’t have to pay any capital gains taxes on sales made via platforms licensed by Thailand’s Securities and Exchange Commission. The exemption is for five years and covers the period of January 1 2025, through to December 31 2029. The scheme aims to boost Thailand’s attractiveness as a regional crypto hub, and it’s already home to a growing community of crypto digital nomads However trades on unlicensed or overseas exchanges will still face standard personal tax rates as high as 38%. The exemption aligns the tax treatment of crypto with capital gains from traditional securities in the country. Thailand previously waved 7% value added tax on crypto gains in early 2024. Read more

Thailand’s SEC filed a criminal complaint against Bitkub and two former directors over alleged false disclosures linked to a 2021 cyberattack involving $50 million in assets. Thailand’s crypto industry is facing fresh regulatory scrutiny after authorities accused Bitkub, one of the country’s largest digital asset exchanges, of providing false information to regulators. Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against Bitkub Online and two former directors over alleged false reporting connected to a 2021 cyberattack, the regulator announced on Thursday. The complaint names former Bitkub directors Sakolkorn Sakavee and Thaweesap Rawan, who the SEC said were responsible for submitting company reports during the period under investigation. Read more

Thailand has been plagued by Chinese-affiliated scam centers, with illicit gains flowing through a “gray money” economy. Thailand’s central bank is stepping up stablecoin surveillance as part of a wider effort to crack down on money laundering, illicit finance and “gray money” in the country. The Bank of Thailand is working with the Kingdom’s Securities and Exchange Commission to audit high-volume stablecoin transactions, with a focus on USDt (USDT), cash transactions and currency exchanges, to identify and stop illicit financial flows. “The measures we are implementing are not short-term fixes; they require the continuous deployment of multiple parallel strategies,” Bank of Thailand Governor Vitai Ratanakorn said, according to local media outlet The Nation on Saturday. Read more

Thailand’s SEC is seeking feedback on rule changes that would let digital asset firms offer derivatives within existing entities, lowering barriers to market entry. Thailand’s Securities and Exchange Commission (SEC) is seeking public comment on proposed rule changes that would allow licensed digital asset businesses to apply directly for derivatives licenses, removing the requirement to establish separate entities. The proposed revisions would build on earlier changes recognizing digital assets as eligible underlying assets for futures contracts, expanding the scope of Thailand’s derivatives market while introducing additional requirements to manage conflicts of interest and strengthen oversight. The proposal could lower barriers for crypto companies to enter the derivatives market by allowing them to apply for licenses within existing entities, rather than establishing separate companies, while bringing those activities under tighter regulatory oversight. Read more

Thailand’s SEC proposes tightening funding rules for cryptocurrency companies to include anyone backing major shareholders, directly or indirectly. Thailand’s securities regulator is seeking to curb money laundering and technology-related crimes by tightening funding rules for cryptocurrency companies. The Securities and Exchange Commission of Thailand (Thai SEC) on Monday proposed expanding approval requirements for crypto businesses to include financiers behind major shareholders. Under the proposal, any person providing backing or financial support to major shareholders would itself be treated as a shareholder requiring regulatory approval from the regulator. Read more

Thai crypto operators reportedly froze 10,000 suspected “mule accounts” as new AML checks and transfer delays took effect in a wider anti-fraud push. Thai cryptocurrency platform operators have reportedly frozen more than 10,000 accounts suspected of being used to launder illicit funds, as the country steps up efforts to crack down on so-called mule accounts. The freezes followed the rollout of stricter screening measures aimed at slowing suspicious crypto transfers and requiring additional Know Your Customer checks before higher-risk transactions are completed, according to local reporting from the Bangkok Post on Tuesday. The tighter process helped operators identify and freeze more than 10,000 suspected mule accounts, Att Thongyai Asavanund, chief executive of KuCoin Thailand and chairman of the Thai Digital Asset Operators Trade Association (TDO), told the Bangkok Post. Read more

Binance Thailand’s CEO says it is a “watershed moment” for digital assets in the country, as they are no longer being treated as mere speculative instruments. Thailand’s government on Tuesday approved the Finance Ministry’s proposal allowing digital assets to be used as underlying assets in the country’s derivatives and capital markets. The move aims to modernize Thailand’s derivatives markets in line with international standards, strengthen regulatory oversight and investor protection, and position itself as a regional hub for institutional crypto trading, the Bangkok Post reported. The country’s Securities and Exchange Commission (SEC) will amend the Derivatives Act to enable these new asset classes, which include Bitcoin (BTC) and carbon credits.  Read more

The strategy aims to pivot Thailand from a retail trading hub to a “sophisticated venue” for institutional investors, said one analyst.