The Bank of Thailand aims to use blockchain technology to improve services like document authentication, cross-border payments and supply chain financing.
The Bank of Thailand is now considering using the modern and revolutionary blockchain technology to improve and streamline several administrative and payment services.
During the recently held Bloomberg ASEAN Business Summit, Bank of Thailand governor – Dr. Veerathai Santiprabhob – talked about the bank working on several initiatives considering the use of blockchain for different purposes like document authentication, cross-border payments and supply chain financing.
In the second phase, new features will be added to the blockchain platform to enable bond deposits.
Ultimately, in the third phase, TBMA will develop a Bond Coin for tokenizing assets to make instant clearing and settlements.
The Bank of Thailand is growing increasingly wary of digital assets and plans to introduce new measures to curb activities for individuals and businesses alike in the name of consumer protection.
The post Thailand Central Bank to Enforce Crypto ‘Red Lines’ Despite Push for Tourism appeared first on BeInCrypto.
Thailand’s digital currency project is progressing swiftly and the Bank of Thailand, the country’s central bank, is readying to start pilot tests in the second quarter of 2022. Thailand’s CBDC will be retail; meaning it will be for use by the general public.
Thailand’s central bank in partnership with SCG — one of the country’s largest conglomerates — is set to run a pilot test for a central bank digital currency (CBDC). Thailand Moving Forward with Digital Currency Plans According to the Bangkok Post, SCG has signed a memorandum of understanding (MoU) with the Bank of Thailand (BOT),Read MoreRead More.
Thailand’s Largest Bank Backtracks On Plan To Use Ripple XRP One of Thailand's largest financial institution decides not to move forward with plans to integrate XRP into its line of products. American fintech Ripple Labs' suite of financial products have, however, been adopted by several other leading institutions.
The central bank of Thailand (Bank of Thailand (BOT)) is set to issue its own digital currency in conjunction with several local financial institutions. Acknowledging the major impact that technological changes have on financial services globally, the Bank of Thailand announced that it is working in collaboration with the country’s largest banks on a project […]
Bank of Thailand All Set to Issue Own Digital Currency, Powered by R3 was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
Thailand could be the next country to unveil a central bank backed cryptocurrency following the footsteps of Venezuela, Tunisia, and Senegal. According to a Tuesday press release, the Central bank of Thailand is well on track to complete the first phase of a proof-of-concept trial for the new digital currency and hopes that this will […]
The post A New Central Bank Digital Currency is Coming to Thailand appeared first on ZyCrypto.
Continuing its decisive development spree for the optimal growth of the cryptocurrency sector, the Bank of Thailand (BoT) passed a resolution to allow local banks to set-up cryptocurrency-focused subsidiaries for dealing with related businesses.
The Governor of the Bank of Thailand, Dr. Veerathai Santiprabhob, alluded to the use of blockchain technology as part of a national effort to further Thailand’s economic potential.
The post Bank of Thailand Considers Blockchain for Economy Expansion appeared first on CryptoSlate.
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.
Mitsubishi Corporation, Standard Chartered and Bank of Ayudhya (Krungsri) — a Thailand subsidiary of MUFG Bank — jointly announced a pilot test for payments between Singapore and Thailand with xCurrent.
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.
