September 18, 2018 @ 7:28 pm By Cali Haan  |  

All the known assets of Alexandre Cazes, a 34-year-old Quebcois accused of running the AlphaBay Marketplace, were forfeited in a default judgement by the US government in a California courtroom September 6th after no one appeared to contest the forfeiture, court documents indicate. The assets,… Read More

September 5, 2018 @ 9:35 am By Cali Haan  |  

Officials from The   (BOL) have urged Laotians to  “think carefully” before investing in cryptocurrencies in Laos’s unregulated markets, Vientiane Times (VT) reports. BOT officials were reportedly moved to issue the notice after seeing local advertisements soliciting citizens to buy, sell and use cryptocurrencies.. An official who spoke… Read More

September 4, 2018 @ 1:12 am By Cali Haan  |  

The Secretary of Thailand’s Anti-Money Laundering Office (AMLO), Witthaya Neetitham told attendees at a cryptocurrency and crime seminar this week, “We have discussed launching our own ‘AMLO Wallet’ to hold or confiscate digital currency from illegal sources,” Thai news agency The Nation reports. Thailand presently lacks… Read More

August 31, 2018 @ 10:00 am By Samantha Hurst  |  

Thailand commercial bank Bangkok Bank announced this week it is now inviting startups from around the globe to participate in the second season of its InnoHub Fintech Accelerator program from now until October 7th. According to Bangkok Bank, the Bangkok Bank InnoHub Session 2 is… Read More

August 24, 2018 @ 4:23 pm By Cali Haan  |  

Thailand’s central bank, the Bank of Thailand (BOT), has announced it is trialing a version of R3’s distributed ledger system, Corda, as a means of making wholesale funds transfers more efficient. R3’s distributed ledger will also be used by the BOT to issue a wholesale Central… Read More

August 13, 2018 @ 9:53 am By JD Alois  |  

Aarni Otava Saarimaa, a 22 year old crypto investor based in Finland, used to be crypto rich. Today, perhaps he is less so after following afoul of a scam apparently hatched in Thailand. In a sordid saga shared by the Bangkok Post, a crypto investor… Read More

July 20, 2018 @ 10:32 am By JD Alois  |  

NOON Capital, a company with offices in Singapore and Thailand, is getting into the business of real estate on blockchain. While not the first entity to securitize investments in real estate, NOON says they are the first in Southeast Asia. According to their web site;… Read More

July 17, 2018 @ 10:28 am By JD Alois  |  

Speaking at the Bloomberg ASEAN Business Summit in Bangkok this past week, Dr. Veerathai Santiprabhob, Governor of the Bank of Thailand, delivered a broad based speech that discussed the opportunities provided by Fintech and blockchain specifically. Dr. Santiprabhob said their Fintech regulatory Sandbox;  “… serves as a… Read More

May 18, 2018 @ 8:43 am By JD Alois  |  

The Thailand Securities and Exchange Commission (SEC) said that new legislation enacted to regulate the offering of digital assets, including initial coin offerings (ICOs) and businesses undertaking these activities, is now effective. A public hearing is scheduled to take place on the regulations at a future… Read More

May 8, 2018 @ 10:47 pm By JD Alois  |  

OurCrowd, a global leader in equity crowdfunding, has further boosted its presence in Asia by forming a new partnership with Bangkok Bank (BBL), a leading bank in Thailand. Bangkok Bank is one of Southeast Asia’s leading regional banks and Thailand’s market leader in corporate and SME… Read More

March 7, 2018 @ 8:16 pm By JD Alois  |  

Thailand may launch new rules governing initial coin offerings (ICOs) and cryptocurrencies in general later this month. This is according to a report in the Bangkok Post today referencing multiple government officials. According to the write up, Thailand will define digital currencies as property –… Read More

January 7, 2018 @ 7:00 pm By Pawee Jenweeranon  |  

An initial coin offering (ICO) is an alternative to the traditional models of start-up and other companies to raise capital. In Thailand, the Securities and Exchange Commission (the Thai SEC) recently expressed their view on ICOs indicating they realize the potential of ICOs to satisfy… Read More

September 18, 2017 @ 10:49 pm By JD Alois  |  

JD.com, (NASDAQ:JD), China’s largest retailer, and JD Finance, along with Thailand’s largest retail conglomerate Central Group, and Provident Capital have announced an investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, respectively. According to company representatives, the terms of the agreement indicate… Read More

June 27, 2017 @ 3:42 pm By Samantha Hurst  |  

Trulioo, an on-demand global identity verification company, announced on Tuesday it has extended its AML/KYC identity verification global footprint into Thailand. This news comes just a few months after the company expanded its solution into Korea. According to Trulioo, the extended coverage will also help… Read More

June 11, 2017 @ 9:05 am By Cole Lyons  |  

Kasikorn Bank has opened up a $30 million fund to invest in to Fintech startups, thus exemplifying the banks attitude to embrace disruptive technologies. The rapid technological developments within the financial industry has opened up new dimensions in the market, changing how customers think. People… Read More

June 8, 2017 @ 6:54 am By Erin Hobey  |  

Thailand’s Kasikorn Bank has launched a $30 million fintech fund to invest in startups across South East Asia as well as Europe and China. The KBank Beacon fund aims to undertake up to five deals per year, with investments ranging from $500,000 to $3 million, according… Read More

March 16, 2017 @ 9:16 am By Erin Hobey  |  

Bangkok Bank Public Company Limited announced its international FinTech accelerator program, Bangkok Bank InnoHub in partnership with corporate innovation partner Nest. The 12-week intensive program will take place in Bangkok, Thailand, aiming to exemplify the bank’s drive to inspire innovation and solidify its commitment to innovative new technologies. As the country’s leading… Read More

February 6, 2017 @ 11:56 pm By Jessica Pham  |  

Bhume Bhumiratana works on blockchain in Thailand and in an interview with the Bangkok Post, he said that the country is poised to see the technology take over banking and financial services in the near future. “The adoption of blockchain technology is expected to be widely… Read More

January 25, 2017 @ 11:43 am By Samantha Hurst  |  

Thai FinTech Association has called upon the Thailand government to assist local tech startups and financial institutions to enhance local competition and prevent foreign companies from monopolizing in the country’s fintech market, according to the Bangkok News. During a recent interview, chairman of the Thai Fintech Association,… Read More

October 10, 2016 @ 11:25 pm By Pawee Jenneeranon  |  

The Peer-to-Peer Lending Industry in Thailand Peer-to-peer lending, which is also known as social lending or crowdlending, has drastically increased in the recent years in many countries around the world. The total volume of peer-to-peer lending activities has been growing rapidly. A good example is… Read More