A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne

Thailand based metaverse startup Translucia Global Innovation has partnered with the Australian software development firm Two Bulls and set aside an initial budget of $100 million to build a Metaverse Research and Development Center (MRDC) in Melbourne.

Read more

Huobi to permanently shut crypto operations in Thailand

Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC).
The Thai SEC revoked Huobi’s license in May after it failed to comply with the local regulations.

Read more

Here’s how Asian countries deal with crypto sanctions against Russia

Amid the United States and the European Union taking measures to prevent Russia from using cryptocurrencies to potentially evade sanctions, some countries in Asia have also been moving to respond to the situation.

Read more

Siam Commercial Bank purchases 51% stake in crypto exchange Bitkub

Thailand’s oldest bank plans to become the majority shareholder of one the largest crypto exchanges in the country after a $536.7 million purchase.
According to a Nov. 2 announcement, Siam Commercial Bank’s SCB X Group is expected to buy a 51% stake in Thailand-based crypto exchange Bitkub for 17.

Read more

Asian CBDC projects: What are they doing now?

The rapid growth of mainstream attention toward cryptocurrencies has forced the hands of numerous governments to create their digital alternatives.

Read more

Miss Universe Thailand 2021 to be World’s First NFT Beauty Pageant – BeInCrypto

Bitkub Group has partnered with Miss Universe Thailand to bring non-fungible tokens (NFTs) to the pageant. 
Sponsored
Sponsored
The upcoming Miss Universe Thailand 2021 pageant will be the first to feature NFTs as part of the competition.

Read more

MUFG boosts its crypto exposure following $41M Zipmex funding round

Thailand’s Bank of Ayudhya (BAY) – in which Mitsubishi UFJ Financial Group (MUFG) holds a 76.9% stake – participated in the latest funding round for the Asia-Pacific-focused crypto exchange Zipmex.

Read more