Tag "Bank of Thailand"
Thailand’s Digital Banking License Race Heats Up with Bids from Top Conglomerates
Thailand’s digital banking license has attracted some of the Thailand’s largest conglomerates, including Charoen Pokphand Group (CP Group) and Gulf Energy Development Pcl. This development comes as the Bank of Thailand embarks on a new chapter to inject competition and
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SCB and Thai Central Bank Pilots Retail CBDC App
Siam Commercial Bank (SCB) and the Bank of Thailand (BOT) have developed an app as part of a retail Central Bank Digital Currency (CBDC) pilot project. The pilot programme is limited to a select group of whitelisted participants who will
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Thailand and Vietnam Officially Launches QR Payment Linkage
The State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) announced that they have officially launched their joint QR payment services as an alternative means of cross-border payments between the two countries. Nguyen Kim Anh, Deputy Governor of
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Bank of Thailand Set to Kick off Retail CBDC Pilot by End of 2022
The Bank of Thailand (BOT) said on Friday that it will be conducting a retail Central Bank Digital Currency (CBDC) pilot at the end of 2022. According to the central bank, the BOT deems it necessary to extend the scope
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Thailand’s Financial Regulator Lays out Plans for Payments Using Digital Assets
Thailand’s central bank and financial regulator have shared their views and positions on regulating the new, digital-powered financial landscape, outlining plans to issue virtual banking guidelines, rules on the use of digital assets for payments, as well as relaxing regulation
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Thai Regulator Cautions Public That Cryptocurrencies Are Not Legal Tender
Bank of Thailand (BOT) issued a statement saying that it has continuously monitored the developments in use cases of digital assets as some enterprises have recently begun soliciting payments in cryptocurrencies such as Bitcoin and Ether as payment for goods
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Bangkok Bank Unveils Cross-Border QR Payments Between Thailand and Vietnam
Bangkok Bank has unveiled cross-border QR payments between Thailand and Vietnam with the cooperation of the Bank of Thailand (BOT) and State Bank of Vietnam (SBV), claiming to be the first to do so. The service provided by Bangkok Bank
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Thailand’s Central Bank Announces Digital Currency Prototype
The Bank of Thailand (BOT) has announced the project to develop the prototype of the payment system for businesses using Central Bank Digital Currency (CBDC), which will build upon knowledge from Project Inthanon. The project scope will include conducting a
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8 Regulations That Could Shape Fintech in Asia This Year
Asia Pacific regions are somewhat disjointed when it comes to banking and fintech-related regulations, with countries like China moving towards more region-specific and refined rules, while countries like Thailand and Indonesia are still trying to introduce basic, yet important regulations to help
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UOB & Intel Want to Use Artificial Intelligence to Combat International Money Laundering
United Overseas Bank (UOB) today announced it collaborated with Intel to test how federated advanced data analytics can enhance cross-border anti-money laundering (AML) efforts. The project was co-funded by the MAS’ Artificial Intelligence and Data Analytics (AIDA) Grant under the
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