Sunday, a Thailand-based insurtech startup, announced on Monday it secured $10 million through its Series A funding round, which was led by global investor network Vertex Ventures SEA and India. Founded in 2017, Sunday is a fully-integrated sales and services InsurTech that uses artificial intelligence and digital… Read More
30 investors in Thailand who say they were defrauded of 42 million baht ($1.34 million USD) by the owner of a Bitcoin mining scheme formally complained Monday to the Thai Technology Crime Suppression Division, The Bangkok Post reports. Police say a total of 140 investors have now… Read More
Elevated Returns (ER) and Securitize claim they will tokenize $1 billion of real estate assets using the Tezos blockchain. Elevated Returns is the company behind the first tokenized real estate offering with the launch of Aspencoin last year. Securitize is a compliance platform for digitizing securities…. Read More
Coin Asset, a Thai cryptocurrency exchange is “seeking a way to remain open” after being denied a license by the Thai Securities and Exchange Commission (SEC), Bangkok Post reports: “Coin Asset chief executive Sivanus Yamdee said the company will meet the SEC on Friday to discuss continuing its… Read More
Tsinghua PBCSF Releases “2018 Global Insurtech Report by Subsector” Early this month, the China Insurance and Pension Research Center of the National Finance Research Institute of Tsinghua University released the “2018 Global Insurtech Report by Subsector“. The report provides case studies of Insurtech companies in… Read More
Veerathai Santiprabhob, the Governor of the Bank of Thailand (BoT), has laid to rest any notion that the general population of Thailand will be using a digital currency exclusively any time soon, Chiang Rai Times reports. The governor is more upbeat about prospects of his bank’s… Read More
Southeast Asia is an enormous market with profound potential. When it comes to Fintech, Asia, in general, is the largest Fintech market in the world. Of course, this has to do with China’s participation but other countries are very active when it comes to alternative… Read More
The Thailand Securities and Exchange Commission (SEC) is expected to approve the first initial coin offering (ICO) portal at some point this month, according to a report in the Bangkok Post. The approval follows a royal decree from last May that stipulated that the Thai… Read More
Singapore-based ride-hailing company Grab announced on Thursday it has teamed up with KASIKORNBANK (KBank) to introduce GrabPay by KBank, a co-branded mobile wallet, as well as a suite of other financial solutions in Thailand. Grab reported that through the new partnership, it marks the expansion of its… Read More
On Friday, the Securities and Exchange Commission of Thailand issued a warning to investors pertaining to nine different initial coin offerings (ICOs) / tokens. The Thai SEC stated these offerings, which are typically promoted via social media platforms such as Facebook, have not been reviewed… Read More
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
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
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
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
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
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
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
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
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
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
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