Category: Other Regions

Thailand’s Main Opposition Party Holds Primary Election on Blockchain

Thailand’s Democrat Party, the country’s main opposition party has become the first major political party in the world to carry out primary elections entirely on a blockchain.

Central Banks of Canada, Singapore and UK Propose CBDCs for Cross-Border Payments

The reserve banks of Canada, Singapore and the United Kingdom have singled out central bank digital currencies as being one of the solutions that can be implemented in order to solve the challenges encountered when making cross-border payments.

Global Charity Oxfam Launches Blockchain Project to Empower Cambodian Rice Farmers

Global charity organization Oxfam has launched a blockchain technology platform aimed at enhancing the transparency and traceability of the rice supply chain in Cambodia.

Ripple Secures Their First Malaysian Bank Partnership with CIMB

IMB Group and Ripple have entered into a strategic collaboration to enable instant cross border payments across its various markets. On the back of this partnership, CIMB will join Ripple’s network RippleNet, which will facilitate access to other RippleNet members and allow CIMB to grow its cross-border payments business.

Malaysian Lawmaker Urges Govt to Delay ICO Launch in Call for Regulation

An initial coin offering (ICO) round launched with an aim to raise funds for an opposition political movement is raising eyebrows in Malaysia.

Thai SEC Urges Public to Avoid Unlicensed Crypto Exchange as Regulation Set to Take Effect

Thailand’s financial regulator has told a cryptocurrency exchange to cease advertising and warned citizens not to use it due to legal uncertainty, the Thai Securities and Exchange Commission (Thai SEC) reported Tuesday, Nov. 13.

IBM Thailand Promotes AI, Blockchain in Order to Create Regional Sales Hub

The Thai branch of U.S. global IT company IBM will promote blockchain and artificial intelligence (AI) in order to turn the country into a major sales hub in the surrounding region, English-language daily news outlet The Bangkok Post reports Wednesday, Nov. 14.

Vietnam’s Ministry of Justice Suggests Several Ways To Regulate Cryptoassets

Vietnam's MInistry of Justice has sent a report on cryptoassets to the nation's government offices in Hanoi (the capital).

South Korean Exchange Upbit Expanding to Thailand and Indonesia

South Korean-based cryptocurrency exchange Upbit has announced its intentions to expand Thailand and Indonesia as part of its global expansion plans, reports.

Thailand to Legitimize First ICO ‚ÄėPortal‚Äô via New Regulation, Says SEC Head

Thailand‚Äôs¬†securities regulator will clear ‚Äúat least one‚ÄĚ Initial Coin Offering (ICO) ‚Äúportal‚ÄĚ to operate legally in November, local daily news outlet¬†Bangkok Post¬†reported Nov. 8.

Mobile Payments, Internet Banking See Rapid Growth in Vietnam

Vietnam has been experiencing a digital wave in its financial and banking industry, with payments through mobile banking services surging by a whopping 144% per year over the past five years, experts said at a conference last week.

Three Thai Siblings Accused of $24 Million Bitcoin Scam Plead ‚ÄėNot Guilty‚Äô

Three Thai citizens who are currently being prosecuted for allegedly swindling $24 million worth of Bitcoin (BTC) have pleaded ‚Äúnot guilty‚ÄĚ in the Criminal Court of Bangkok, major¬†Thai¬†newspaper Bangkok Post¬†reports¬†Wednesday, Nov. 7.