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Bank of Thailand will enable virtual banks for the first time. Financial businesses will provide services by 2025. The move boosts competitiveness and Thailand's economy. The licensing structure will regulate and supervise virtual banks like regular commercial banks. (Read More)
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) (Read More)
Thailand is abandoning its proposed 15% tax on cryptocurrencies including mining. The Thai government faced strong backlash to the proposed crypto tax.
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. (Read More)
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