HKMA Project Ensemble Teams Up with Brazil, Thailand
The HKMA is advancing tokenization through Project Ensemble with Brazil’s Drex pilot and Thailand’s Project San. In order to demonstrate its commitment to tokenization, the Hong Kong Monetary Authority (HKMA) has been actively networking its Project Ensemble, which has resulted in the formation of new partnerships. In addition to the Drex pilot project of the […]
Thailand’s Crypto Market Shifts Focus from Retail: Binance Thailand CEO
Thailand is moving its focus to a more mature institutional-focused crypto sector, according to Binance Thailand’s CEO. Thailand’s digital asset market is shifting focus from retail investors to institutional ones, with the country setting its sights on becoming Southeast Asia’s leading fintech hub, according to Binance Thailand’s CEO. In an October 25 opinion piece for […]
Kasikornbank Launches First Thai Digital Custodian
Kasikornbank (KBank) announced plans to launch Thailand’s first licensed digital asset custodian, Orbix Custodian. Kasikornbank, popularly known as KBank, has announced that it plans to launch Orbix Custodian as the first licensed digital asset custodian in Thailand. Kasikornbank is the second-largest bank in Thailand in terms of assets. The Ministry of Finance has granted Orbix […]
Thailand Launches Crypto Regulatory Sandbox
Thailand’s SEC has launched a regulatory sandbox to develop and test crypto-related services and innovations. In a post on its website, the Securities and Exchange Commission (SEC) of Thailand announced the establishment of a regulatory laboratory for the purpose of testing and developing innovations that are intended to establish efficient crypto-related services. The Securities and […]
Thailand Reveals Date for $14b Digital Currency Giveaway
Thailand has set a date for its long-postponed monetary assistance program to boost the economy and reduce family debt. According to Bloomberg, Thailand has officially announced the date to implement its digital currency giveaway. This initiative aims to stimulate economic activity and tackle the issue of excessive household debt in the country. Thailand’s finance minister, […]