Thailand’s Securities and Exchange Commission (SEC) has confirmed that legal action against cryptocurrency promoter Worawat Narknawdee, also known as “Acme Traderist,” is ongoing, Bangkok Post reported. The statement followed renewed public attention after more than 30 alleged victims filed new complaints against him this week. Complaint Filed With Economic Crime Division Deputy Secretary-General Anek Yooyuen…
Thai digital asset operators froze 47,692 mule accounts in 2025 alone. Thailand’s digital asset industry has stepped up its efforts to tackle money laundering linked to mule accounts. Crypto exchanges in the Southeast Asian country have frozen more than 10,000 suspicious accounts under a newly enforced measure known as the “Speed Bump,” according to…
July 30, 2025July 30, 2025 After days of border clashes that killed at least 41 people and displaced over 260,000, Thailand and Cambodia have reaffirmed their ceasefire. The reaffirmation occurred during a China-brokered meeting in Shanghai. The truce, initially agreed in Malaysia to take effect on 28th July, was…
June 27, 2025June 27, 2025 Thailand has imposed a ban on cannabis sales without a medical prescription—just three years after becoming the first Asian nation to decriminalise the plant. The sudden shift, effective immediately, has thrown the country’s cannabis industry into disarray. Under the new rules, buyers must present…
Thailand’s financial watchdog “will block access” to five unlicensed cryptocurrency exchanges, including Bybit and OKX, in the latest effort to curb illicit financial activity and protect domestic investors. The order, which takes effect on June 28, is reportedly in line with updated legal powers granted under new cybercrime legislation. The Office of the Securities and…
Thailand’s Securities and Exchange Commission (SEC) has taken action against five unauthorized digital asset trading platforms: Bybit.com, 1000x.live, Coinex, OKX, and XT.COM. The SEC has filed charges with the Economic Crime Suppression Division (ECD) for operating without the necessary licenses under Thailand’s Digital Asset Business Act. To protect investors and combat money laundering, the SEC…
Thailand has approved significant amendments to the digital asset and cybercrime laws to combat cybercrime and online scams. Combating Mule Accounts in the Crypto Industry The Thailand Cabinet has approved significant amendments to the Digital Asset Business Law and the Cybercrime Law, aiming to bolster the nation’s defenses against cybercrime and the use of “mule…
The Thailand Securities and Exchange Commission (SEC) is preparing to implement a DLT-based debt instrument trading system. The main objective is to encourage securities firms to engage in digital token trading. According to Jomkwan Kongsakul, who happens to be the deputy secretary-general of the SEC, the regulator has already approved four digital token projects and…
Retail trading has proliferated in popularity across Thailand in 2024 as many new and established investors look to diversify their portfolios. Asset classes such as Forex, commodities, CFDs, and others have long been attractive choices, given the propensity for volatility and the potential to capitalize on global currency market opportunities. With so many options to…
Binance is shifting its focus to increase cryptocurrency adoption in Thailand which could transform the future of digital assets in the Asian region. Binance announced it wants to make virtual coins a mainstream currency in the Thai market, which could propel the crypto platform to hit 1 billion users. Binance Chief Marketing Officer Rachel Conlan…