Bank of Thailand promotes blockchain in new guidelines

Thailand’s central bank yesterday published guidelines to regulate and promote the use of blockchain technology in the financial sector.

  • Released by Siritida Panomwon Na Ayudhya, assistant governor of the payment systems policy and financial technology group at the Bank of Thailand, the guidelines provides principles for blockchain technology adoption by financial services providers.
  • Citing blockchain’s “robust potentials in providing increased efficiency, transparency and interoperability across industries,” the Bank of Thailand said it aims to promote financial innovation while rigorously overseeing risks. Ultimately, it hopes that the regulatory framework can “increase people’s confidence” in using blockchain-incorporated financial services.

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