Thailand

Thailand authorities raid an illegal Bitcoin (BTC) mining operation in Ratchaburi

August 26, 2024 1 min read

The Thai police conducted a raid on an illicit Bitcoin (BTC) mining facility in Ratchaburi, a town located to the west of Bangkok, in response to complaints from residents about recurring power outages that had been occurring for more than a month. The raid was done due to the inhabitants’ nonpayment of a significant portion of the electricity they consumed. The raid uncovered bitcoin mining equipment and implicated individuals utilizing

Thailand grantes approval for its first Bitcoin Exchange-Traded Fund (ETF)

June 4, 2024 1 min read

Thailand has granted approval for its first Bitcoin Exchange-Traded Fund (ETF), representing a notable milestone in the nation’s cryptocurrency industry. The Thai Securities and Exchange Commission (SEC) has granted authorization to One Asset Management (ONEAM) to introduce a Bitcoin Exchange-Traded Fund (ETF), which is planned to be distributed from May 31 to June 6. By making this decision, Thailand is joining other countries in adopting regulated investment products related to

Thailand’s SEC says no to Bitcoin ETF trading while allowing digital investments through local exchanges

January 18, 2024 1 min read

Thailand‘s Securities and Exchange Commission (SEC) has declined to approve the trading of spot Bitcoin ETFs, indicating a cautious approach to these investment products. The decision comes after the recent approval of Bitcoin ETFs in the United States, including industry leader BlackRock. On January 17, local media reported that the Thai SEC is currently unprepared to support spot Bitcoin ETFs in the country. Despite the US approving 11 companies to