Thai Bitcoin Exchange Reopens with Enhanced Services
Thailand based bitcoin exchange Bitcoin.co.th has relaunched as a full exchange after months spent offline and in testing, with a focus on security and ease of use, according to its founders. That Thailand has open exchanges at all is significant, given the country's ongoing reputation in some media as a bitcoin-unfriendly jurisdiction. Bitcoin.co.th went offline in July last year after the Bank of Thailand supposedly indicated that bitcoin was not legal. The central bank then suggested in March that bitcoin was risky but not necessarily illegal in the country, opening the door to....
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Thailand-based bitcoin exchange Bitcoin Co LTD has formally resumed services after receiving a letter on 31st January from the Bank of Thailand (BoT) clearing the company for bitcoin trading. BoT officials had previously stated that such activity was illegal under Thai law, an announcement that forced Bitcoin Co LTD to reposition itself as a bitcoin mining equipment reseller. David Barnes, managing director of Bitcoin Co LTD, confirmed the news to CoinDesk, saying that the company restarted exchange services on 15th February: "After we received an update from the Bank of Thailand, we....
Thai SEC and the Cayman Islands Monetary Authority are the latest regulators to join the global scrutiny against Binance. Binance, the leading cryptocurrency exchange by trade volume, continues facing scrutiny from regulators regarding the legality of its operations in certain countries.Thailand’s Securities and Exchange Commission (SEC) and the Cayman Islands Monetary Authority (CIMA) are the latest financial regulators to announce a regulatory crackdown on Binance.Thai SEC announced Friday that the agency had filed a criminal complaint against Binance, launching a criminal procedure and....
A Thai bitcoin exchange has suspended trading alleging that the Bank of Thailand has declared the cryptocurrency illegal, throwing the community into heated debate. Bitcoin Co Ltd, a Thai exchange, posted a note on its website saying that the Bank of Thailand held a conference earlier today to discuss the exchange's business operations. "At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets the following....
Binance has locked in an agreement as Thai government officials expedite crypto regulations which could pave the way for the firm to open a branch in the Kingdom. Binance is looking to re-establish crypto exchange services and possibly open a new branch in Thailand after signing an agreement with Gulf Energy Development PCL.Gulf Energy Development PCL is a Thai holding company run by billionaire Sarath Ratanavadi that focuses on the energy sector.Gulf Energy reportedly made the agreement with the world’s largest crypto exchange based on the strong assumption that Thailand’s digital economy....
Infamous Bitcoin mining company Butterfly Labs (BFL) has reopened and has an updated website following their tussle with the FTC. The FTC started investigating Butterfly Labs in late 2014 because "consumers who have purchased the machines or services cannot use them to generate Bitcoins because Defendants [Butterfly Labs] never provide them with the machines or services." BFL would regularly mine on customers' hardware for days before finally shipping it out. Also read: Judge Considers Allowing Bitcoin Mining Company Butterfly Labs (BFL) to Reopen. Butterfly Labs (BFL) Reopens. The....