2018-7-14 16:08 |
The Governor of the Bank of Thailand (BoT), said that the bank is considering blockchain technology for various applications during a speech at the the Bloomberg ASEAN Business Summit on July 12.
The central bank’s governor Dr. Veerathai Santiprabhob stated that the bank was specifically reviewing blockchain applications for cross-border payments, supply chain financing, and document authentication.
As Cointelegraph reported March 30, the country’s Finance Minister revealed a new tax framework for cryptocurrencies.
This is not the BoT governor’s first step towards implementing blockchain-based technologies.
As Cointelegraph reported earlier in June, Dr. Santiprabhob spoke of possibly issuing central bank digital currency (CBDC) to improve interbank settlements.
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