Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.
January 17, 2023The MoU will focus on developing the FinTech sector, promoting sustainable finance, and increasing awareness of sustainable investment in Thailand and other ASEAN countries.
January 12, 2023Like the ASEAN Taxonomy, the Thailand Taxonomy uses a traffic light system. The objectives of the taxonomy largely draw from the EU taxonomy.
January 3, 2023The UK and BOT will work together to improve financial inclusion, as well as promote sustainable finance and sustainability-related disclosures in the Thai financial sector.
December 9, 2022The new rules will help promote innovation by foreign exchange service providers while also reducing the operational burden associated with licensing.
November 24, 2022The link will enable customers, tourists and merchants make and receive payments with convenience, speed, security, transparency and at low cost, the BOT and SBV said.
November 21, 2022The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
November 15, 2022The BOT expects to begin testing retail CBDC applications with the private sector in December. Ahead of the tests, the BOT is inviting firms to suggest "interesting use cases".
October 31, 2022The Bank of Thailand said the new blockchain-based system has passed its regulatory sandbox process after being tested by 18 commercial banks.
October 31, 2022The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.
October 27, 2022