Thailand Expects First Virtual Banks by 2025
The Bank of Thailand plans to put the virtual banks under a “restricted phase” for a few years after beginning operation.
SEC of Thailand Bans Crypto Payments
Will the policy affect crypto adoption in Thailand? The days ahead will tell.
Bank of Thailand Seeks Public Consultation Ahead of CBDC Trials in 2022
The Bank of Thailand has a harsh stance against the use of stablecoins in the country, and in March, the monetary authority issued a stern warning that it will begin penalizing the usage of any Thai Baht-backed stablecoins.
Thai Excise Department to Integrate Blockchain to Aid in Tax Collection
By
staff writer
According to the Excise Department, the target set for fiscal 2021 is 530 billion baht ( $17,543,863,900), a figure that is just shy of the tax revenue collected in fiscal 2020, which was 548 billion baht. ($18,141,189,280)
Thailand’s Central Bank Considers Using Blockchain to Improve a Range of Services
The Bank of Thailand aims to use blockchain technology to improve services like document authentication, cross-border payments and supply chain financing.