Bank of Thailand Archives

Bank of Thailand starts trial for programmable payments

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19 June, 2024

Bank of Thailand starts trial for programmable payments

To qualify, applicants must solve DLT payments and settlements, operate an escrow service with programmable payments, or offer asset tokenization.

Thai CBDC pilot succeeds, but no plans to create one

Business

Fred Baker

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25 April, 2024

Thai CBDC pilot succeeds, but no plans to create one

Thailand sees central bank digital currency as a tool that could promote innovation but argues that it is in no...

Thailand postpones national digital currency distribution amid demands for closer examination

Business

Wahid Pessarlay

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3 November, 2023

Thailand postpones national digital currency distribution amid demands for closer examination

Thailand postpones digital currency rollout to Q1 2024 due to security concerns, facing criticism over debt and legality.

Bank of Thailand predicts instant economic boost with new digital handout plans

Business

Wahid Pessarlay

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8 September, 2023

Bank of Thailand predicts instant economic boost with new digital handout plans

Bank of Thailand foresees positive local economic impact from Pheu Thai Party's $285 digital handout scheme, with 3% GDP growth...

Thailand begins retail CBDC pilot to assess digital baht feasibility

Business

Wahid Pessarlay

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16 June, 2023

Thailand begins retail CBDC pilot to assess digital baht feasibility

Bank of Thailand expects the total number of participants to reach around the 10,000 mark while viewing the CBDC project...

Thailand central bank to allow digital banks to operate by 2025

Business

Wahid Pessarlay

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19 January, 2023

Thailand central bank to allow digital banks to operate by 2025

Assistant Gov. Tharith Panpiemras revealed that virtual banks would be regulated in the same manner as traditional financial institutions, including...

Hong Kong central bank governor optimistic on virtual currency; South Korean counterpart fazed by FTX implosion

Business

Wahid Pessarlay

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9 December, 2022

Hong Kong central bank governor optimistic on virtual currency; South Korean counterpart fazed by FTX implosion

Eddie Yue of the HKMA says reducing risks associated with digital assets can be achieved by regulating off-chain activities, while...

Thailand eyes broadening digital assets regulations to give central bank more oversight: report

Business

Wahid Pessarlay

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14 August, 2022

Thailand eyes broadening digital assets regulations to give central bank more oversight: report

The plan will make the Bank of Thailand a second digital assets industry oversight body following the SEC, which is...

Thailand to begin pilot testing real-world applications of its CBDC by end of 2022

Business

Wahid Pessarlay

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10 August, 2022

Thailand to begin pilot testing real-world applications of its CBDC by end of 2022

The Bank of Thailand says this next phase will be a pilot phase focused on testing "real-life applications of Retail...

Bank of Thailand to limit banks’ exposure to digital assets

Business

Steve Kaaru

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31 March, 2022

Bank of Thailand to limit banks’ exposure to digital assets

The central bank says it’s fully behind fostering the growth of the digital assets industry, but banks must be cautious...

Thailand scraps 15% digital currency withholding tax

Business

Steve Kaaru

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6 February, 2022

Thailand scraps 15% digital currency withholding tax

The Thai taxman was to begin collecting the 15% tax this year, but it will now only impose capital gains...

3 Thai regulators team up to issue digital currency payment guidelines

Business

Steve Kaaru

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3 February, 2022

3 Thai regulators team up to issue digital currency payment guidelines

Bank of Thailand, the Securities and Exchange Commission, and the Finance Ministry issued the joint statement where they said digital...

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