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Category: baht

  • Thai Authorities Raid Bitcoin Mining Farm Over Multi-Million Baht Electricity Theft

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    Investor Empires

    Thailand is on a mission to tackle illegal mining operations that are causing massive power outages in its capital, Bangkok, and surrounding areas. In its latest campaign against these unregistered operations, the Kingdom’s Electricity Authority (PEA) announced that it had closed the station Illegal bitcoin mining farm (Phanat Nikhom District,…

  • Strong Thai baht hitting exporters and tourism, says central bank By Reuters

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    Investor Empires

    BANGKOK (Reuters) – The rapid rise in the value of the Thai baht is affecting exporters and tourist spending, the Thai central bank said on Monday, adding that the currency was rising due to a weak dollar against strong regional currencies such as the yuan and yen. The baht hit…

  • A Digital Baht for the Future?

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    bitlyfool

    King Rama IV (Mongkut), a 19th-century visionary on the Siamese throne, was a proponent of trade liberalization and modernization. Now, in the 21st century, the Bank of Thailand is echoing that spirit with a bold experiment: a pilot program for a central bank digital currency for individuals, or digital baht.…