Crypto Continues to Expand in Asia as Thailand Clears Path for Digital Asset ...
Thailand has taken a further step toward integrating crypto into its mainstream financial system, after the Cabinet approved changes that allow digital assets to underpin regulated derivatives contracts. The move positions the country among a growing number of Asian markets adapting crypto-linked financial products. Related Reading: Bitcoin Is ‘No Longer Digital Gold,’ Deutsche Bank Strategist […]
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Cryptocurrency exchange KuCoin is moving deeper into Southeast Asia with a fresh push into Thailand. Based on an announcement dated April 23, KuCoin is launching a new trading platform in the country by rebranding ERX Company Ltd, which was previously operating under Thailand’s Securities and Exchange Commission (SEC). KuCoin Thailand is now live, and the […]
Thailand’s financial regulators are seeking public feedback on proposed updates to the framework governing crypto asset listings on local digital exchanges. The move, announced Friday by the country’s Securities and Exchange Commission (SEC), comes as Thailand continues to reshape its digital asset policies in response to growing market activity and broader efforts to modernize financial […]
DBS Group Holdings is looking to expand its digital asset exchange to 300,000 of its wealthiest clients across Asia and build out new products.
Coins has launched its second bitcoin startup in Southeast Asia with the formal opening of Coins.co.th in Thailand. The startup has been exchanging baht and bitcoin in Thailand since its soft launch in June, when it received its e-commerce registration from the Huay Khwang District Office. Jaturong Jantarangs, the Bank of Thailand's senior director of the payment systems policy department, recently told the Bangkok Post that trading bitcoins for baht does not require approval or a license from the country's central bank. As such, Coins claims that its new exchange is now "fully legal"....
This figure is expected to further balloon to 73% by the end of 2022, according to research from Accenture. Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022. According to research from Accenture published on June 6, digital assets, which include cryptocurrencies, stable coins, and crypto funds, made up on average 7% of the surveyed investors’ portfolios, making it the fifth-largest asset class for investors in Asia. It was more than they allocated to foreign currencies,....