Hoping for green development

The coming year looks to be an eventful one with activities that could have a big impact on Thailand, ranging from the country’s hosting of the Asia-Pacific Economic Cooperation (Apec) summit to the trial of the retail Central Bank Digital Currency (retail CBDC).The 2022 Apec ...

Bangkok Post Reporter

BoT gearing up for digital currency tests

The Bank of Thailand says it will begin testing use of its retail digital currency for the general public in the second quarter of next year before fully implementing it over the next three to five years.The retail central bank digital currency (retail CBDC) is ...

BoT developing digital currency for the public [Video]

The Bank of Thailand (BoT) has acknowledged the benefits of digital and crypto currencies and has begun developing a digital currency for the Thai public.Keep watching ...

Cryptocurrency draft draws flak

A draft of qualifications for cryptocurrency investment by the Securities and Exchange Commission (SEC) is sparking heavy criticism from the public as it effectively bars the majority of Thais from trading digital currency by requiring them to have annual income of 1 million baht.The draft ...

Bangkok Post Reporter

Cryptocurrencies' total market cap soars to B4bn

Cryptocurrencies’ total market capitalisation in Thailand soared to nearly 4 billion baht on Friday, or around 6% of the Stock Exchange of Thailand’s (SET) 2020 daily average trade, backed by the continuous price surges of bitcoin and other digital currencies.Bitcoin’s euphoric rally endured as it ...

Bangkok Post Reporter

Cryptocurrencies Impacting The Environment

Cryptocurrency is a decentralised virtual currency that is deemed to be more efficient than traditional currencies because it is regulated by a community of users. As of 2019, the top 100 cryptocurrencies had a market value of about US$200 billion with bitcoin accounting for more than ...

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