Hong Kong Reportedly Picks ConsenSys for Digital Currency Pilot Project

Ethereum workshop ConsenSys said it has been chosen by the Hong Kong Monetary Authority (HKMA) to assist in Hong Kong and Thailand’s cross-border central bank digital currency (CBDC) pilot. ConsenSys said in a Friday announcement it will “work on the second implementation stage†of those countries’ Project Inthanon-LionRock CBDC alongside consultancy PricewaterhouseCoopers and Forms, a Hong Kong fintech. A joint effort by HKMA and the Bank of Thailand,...

BoT starting digital factoring next year

The Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans.Want to know more on BoT starting digital factoring next year click here go to market news source. Market news summary from Bangkok Post Market News.Author: Business

Thai central bank studies option of virtual banking licenses

BANGKOK — Bank of Thailand’s deputy governor Ronadol Numnonda said the central bank is studying the pros and cons of virtual banking now that central banks in other countries have granted licenses for digital banking. Banks in Europe, Singapore and Malaysia already offer customer services via virtual banking platforms. Though Thai banks provide several services […] The post Thai central bank studies option of virtual banking licenses appeared...

EMERGING MARKETS-Asia lower, Thai baht declines ahead of c.bank decision

Asian emerging currency and stock markets lost more ground on Wednesday, with the Thai baht suffering from concerns about a struggling economy while the Malaysian ringgit fell after opposition leader Anwar Ibrahim Want to know more on EMERGING MARKETS-Asia lower, Thai baht declines ahead of c.bank decision click here go to market news source. Market news summary from Reuters Market News. Author:

BoT allays deposit run concern

The Bank of Thailand insists it is not worried about a possible deposit run after pro-democracy demonstrators called for a boycott of a commercial bank.Want to know more on BoT allays deposit run concern click here go to market news source. Market news summary from Bangkok Post Market News.Author: Business
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