cryptocurrency fraud

OneCoin Fraudster Sebastian Greenwood Sentenced to 20 Years in US Prison

In 2014, Sebastian Greenwood, a dual citizen of Sweden and the United Kingdom, founded OneCoin in Sofia, Bulgaria, alongside Ruja Ignatova, a German citizen also known as the Cryptoqueen. They promoted their cryptocurrency as the next Bitcoin, attracting numerous unwary investors worldwide, including Thailand. However, OneCoin was nothing more than a pyramid scheme, defrauding around 3.5 million people out of $4 billion.

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minimum wage economic stimulus

B400 Wage Threshold on the Horizon

The government is considering urging employers to raise the minimum daily wage to 400 baht as soon as possible to help workers make ends meet, according to Prime Minister Srettha Thavisin. He states that negotiations will involve workers, employers, and the government to determine a reasonable minimum wage level, with the aim of achieving the 400 baht goal as swiftly as possible.

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debt moratorium agriculture

Farmer Debt Moratorium Set for Q4

The Thai government has announced plans to introduce a debt moratorium for farmers in the fourth quarter of this year. This initiative will cover both debt principal and interest, providing financial relief to those in the agricultural sector. Prime Minister Srettha Thavisin revealed this plan and anticipates cabinet approval at their first meeting.

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