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Bank of Thailand Tests its Central Bank Digital Currency with Large Businesses Before Official Debut

Bank of Thailand Tests its Central Bank Digital Currency with Large Businesses Before Official Debut

The Bank of Thailand (BoT), Thai’s central bank, is already utilizing its central bank digital currency (CBDC) for financial transactions with various big businesses. This development ushers in the third development phase of the nation’s CBDC before a public debut.

Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers

Thailand’s Bank of Ayudhya Unveils Blockchain-Based Platform for Cross-Border Funds Transfers

Smart contracts and blockchain play more of a key role in the economic and social growth of modern society. For example, Thailand’s Bank of Ayudhya demonstrates how the use of blockchain technology leverages cross-border funds transfers.

Thai Bank SCB Acquires Local Crypto Exchange Bitkub for $536.7M

Thai Bank SCB Acquires Local Crypto Exchange Bitkub for $536.7M

Thailand’s oldest bank Siam Commercial Bank Plc (SCB), has completed the acquisition by acquiring a majority stake of local cryptocurrency exchange Bitkub.

Thai Delays Testing Its Retail CBDC Until Late 2022

Thai Delays Testing Its Retail CBDC Until Late 2022

Thailand will be slow but prudent in testing its CBDC to ensure that it does not have problems with funder transfers and other payments.

Thai Political Party Proposes $300 Digital Currency Stimulus

Thai Political Party Proposes $300 Digital Currency Stimulus

The Pheu Thai Party in Thailand has proposed giving all residents 16 years and older a digital currency stipend of $300 if it wins the next election. The initiative is a stimulus project aimed at helping the local economy using blockchain technology.

Thailand’s SEC to Eradicate Any Stumbling Blocks to Digital Asset Advancement

Thailand’s SEC to Eradicate Any Stumbling Blocks to Digital Asset Advancement

The Securities and Exchange Commission (SEC) in Thailand has revealed plans to revise the royal decree on digital asset businesses in 2020 to boost digital assets’ growth, as well as shielding investors from avoidable risks.

Toyota Leasing Issues Debentures Using Blockchain in its $16 Million Thai Market

Toyota Leasing Issues Debentures Using Blockchain in its $16 Million Thai Market

Toyota Leasing Thailand Co Ltd, the automotive leasing arm of Toyota Motor Thailand, has offered debentures through blockchain’s distributed ledger technology (DLT) in its 500 million baht or $16.4M market.

Thailand's Market Watchdogs Suggest Crypto Regulation to Avoid Threatening Financial Stability

Thailand's Market Watchdogs Suggest Crypto Regulation to Avoid Threatening Financial Stability

Regulators in Thailand, including The trio of the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and the Ministry of Finance (MOF), issued a joint statement on cryptocurrencies that threaten the local financial ecosystem.

Bank of Thailand to Start Retail Test for its Retail CBDC

Bank of Thailand to Start Retail Test for its Retail CBDC

The Central Bank of Thailand also known as the Bank of Thailand (BOT) plans to begin a pilot study of Retail central bank digital currency (CBDC)

Thailand Plans to Amend Regulations Governing Crypto Assets

Thailand Plans to Amend Regulations Governing Crypto Assets

Thailand's crypto regulation is under scrutiny as the government plans to amend rules governing digital assets.

Thailand to Implement In-Person KYC Step for Crypto Exchanges

Thailand to Implement In-Person KYC Step for Crypto Exchanges

Thailand has introduced a new method of verifying clients’ identities for crypto exchanges.

Thai Retail Giant to Introduce Crypto Coin for Its Shopping Malls

Thai Retail Giant to Introduce Crypto Coin for Its Shopping Malls

Thailand's biggest shopping centre developer, Central Retail Corp, is planning to introduce a digital currency among employees.

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