Thailand

In a bid to curb semiconductor smuggling into China, the US government is considering restrictions on the export of AI chips, including those produced by Nvidia Corp. (NASDAQ:NVDA), to Malaysia and Thailand. What Happened: According to a report, a draft rule from the Commerce ...

Kasikornbank  (OTC:KPCPY)  and SCBX, two of Thailand’s largest banks, are diving into stablecoin-powered remittance services to enhance cross-border transactions. Kasikornbank recently partnered with Japan's G.U. Group to explore stablecoin solutions for remittances between the two...

Coinbase Global Inc. (NASDAQ:COIN) is advancing its Southeast Asian expansion through stablecoin initiatives in Thailand and the Philippines, as cryptocurrency markets reach new heights amid expectations of a more crypto-friendly U.S. administration. What Happened: Jesse Pollak, founder of Base and...

Thailand has introduced a new cannabis bill to regulate the country’s booming marijuana industry, marking the latest step in its ongoing efforts to steer cannabis use toward medical and health-related purposes. This move comes after a series of policy shifts and follows the 2022...

Thailand authorities have uncovered an illicit Bitcoin (CRYPTO: BTC) mining operation, believed to be the cause behind a series of power outages. What Happened: A combined force of local police and officials from the Provincial Electricity Authorities (PEA) carried out a raid on a house in...

Thailand’s investigation into discounts from Chinese EV maker BYD Company (OTC:BYDYY) will continue despite a cash-back program initiated by its distributor, Rever Automotive, after backlash from consumers complaining that they overpaid for their electric vehicles (EVs). Thailand, a major...

Alibaba Group Holding Ltd.‘s (NYSE:BABA) online shopping platform Lazada Group has denied reports of the parent company planning to sell its Thailand unit. The company refuted rumors of discussions with potential investors. According to Crunchbase data, in 2023, Alibaba invested $845 million...

In a bid to replicate the success of its South Korean hit ‘Squid Game’, Netflix Inc. (NASDAQ:NFLX) is boosting its local content production in Southeast Asia. What Happened: Netflix is increasing its investment in original programming in Southeast Asia, particularly in Indonesia and...

Thailand’s cannabis industry is facing political hurdles. The main one being the to recriminalize cannabis, which could cost CBD stakeholders millions of dollars in lost investments, a key trade group has warned. The Thai Hemp and Cannabis Industry Association (HCIA) has expressed concern...

Bitcoin (CRYPTO: BTC) prices are on a tear, approaching record highs after BlackRock‘s (NYSE:BLK) Bitcoin spot ETF achieved record-breaking inflows. The price of Bitcoin touched $70,999 earlier today, currently sitting at $70,576, up 2.1% over the past 24 hours. Other major cryptocurrencies...

Despite recent protests since the Thai government announced its plan to reverse a 2022 decision and recriminalize cannabis by classifying it as a narcotic, a recent survey showed some 76% of respondents "totally agreed" or "rather agreed" with Prime Minister Srettha Thavisin's decision. The...

In a week full of international cannabis policy updates, Thailand, Morocco and Pakistan have made strides, each presenting divergent paths when it comes to regulating the plant. Thailand’s Prohibition Stance Thailand, known for its progressive stance on cannabis in recent years, has taken a...

In a landmark shift in drug policy, Thailand's Ministry of Public Health has officially sanctioned the medical and research use of opium and psilocybin mushrooms, commonly known as magic mushrooms, El Planteo reported. Announced in the Royal Gazette and signed by Health Minister Cholnan Srikaew...

Microsoft Corp (NASDAQ:MSFT) has announced a $2.2 billion investment in Malaysia’s cloud and artificial intelligence (AI) services over the next four years. What Happened: Microsoft’s investment is its largest in Malaysia in 32 years. The investment will be used to expand cloud and AI...

In a bid to bolster its fight against online crime, Thailand has resolved to block access to unauthorized cryptocurrency platforms. What Happened: The decision was reached after a meeting of the Technology Crime Prevention and Suppression Committee, CoinDesk reported on Monday. The Securities and...