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Thailand


Veerathai Santiprabhob, governor of the central Bank of Thailand, has asked all banks in Thailand to stay away from cryptocurrency, Reuters reported yesterday, Feb. 13. According to Reuters, the central bank released a circular Monday that bans banks in Thailand from investing and trading in crypto, as well as participating in and creating exchanges and …

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Thai Ministry of Finance’s permanent secretary Somchai Sujjapongse thinks that the Bank of Thailand and Thailand’s Securities and Exchange Commission (SEC) need to officially warn customers of the risks of investing in crypto markets, as reported in the The Bangkok Post today, Feb.2. According to Sujjapongse, a working committee on cryptocurrencies, formed by the Bank …

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The Bank of Ayudha in Thailand has finished a Blockchain pilot, tapping one of the biggest names in the technology industry: IBM. The test aims to simplify the contract management process with the help of distributed ledger technology (DLT). Improved Related Party Transaction (RPT) The bank is currently the fifth largest in Thailand when it …

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Thailand-based Bank of Ayudhya (Krungsri), in partnership with tech giant IBM, has completed a blockchain pilot aimed to streamline the contract management process. According to the bank, the pilot, which was planned to rationalize the bank’s related party transaction (RPT) capability, resulted in improved transparency and data security, as well as speeding up operations, a press …

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