Upbit launches in Thailand just days after regulators suspended Bitkub

Upbit launches in Thailand just days after regulators suspended Bitkub

As Thailand’s leading crypto exchange remains suspended, billionaire backed rival Upbit enters the scene. Crypto exchange Upbit is entering the Thai market at a fortuitous time when the kingdom’s most popular exchange, Bitkub, remains suspended by government regulators.According to reports in local media, a joint-venture crypto exchange between Upbit APAC and a group of Thai billionaires launched operations on Wednesday, Jan. 20. It follows the regulatory suspension of the country’s most popular trading platform Bitkub on Monday, which had a reported 97% share of the market before its....


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Bank of Thailand allegedly declares bitcoin illegal, Thai exchange suspends trading

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Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three ...

The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive Outages Since the Beginning of 2021 According to Bangkok Post, the financial watchdog gave the exchange five days, starting January 20, to solve all the technical issues. Mainly, their desktop trading platform suffered three outages since January 2. The other incidents happened on January 3 and....