Bank of Thailand

29 results about this entity

Period: 19 Dec 2005 - 14 Nov 2022

Asean central banks sign payments co-operation pact

Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Bank of Thailand (BOT) have agreed to strengthen and enhance cooperation on payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments.

/payments

BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

/crypto

Bank of Thailand to launch retail CBDC pilot

The Bank of Thailand has announced the launch of its retail Central Bank Digital Currency (CBDC) pilot, set to run from late 2022 to mid-2023.

/crypto

Thailand to set out rules to limit the use of cryptocurrencies as a means for payment

The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC), and Ministry of Finance (MOF) have jointly reviewed the benefits and risks of digital assets, and deem it necessary to regulate the usage of digital assets as a means of payment for goods and services, to avert potential impacts on the country's financial stability and economic system.

/crypto

BIS: CBDC and DLT combo outperforms correspondent banking system

A prototype of multiple central bank digital currencies (mCBDCs) developed by the Bank for International Settlements and four central banks has demonstrated the potential of using digital currencies and distributed ledger technology (DLT) for cheaper and safer cross-border payments and settlements.

/payments

Indonesia and Thailand implement cross-border QR payments

Consumers and merchants in Indonesia and Thailand are now able to make and accept instant cross-border QR payments for goods and services under a pilot trial conducted by the country's respective central banks.

/payments

Thailand and Singapore launch first linkage of domestic instant payment systems

Singapore and Thailand have linked their respective real-time payment systems, enabling instant transfer of consumer funds across borders.

/payments

Tailand and Vietnam pilot interoperable QR codes

The Interoperable QR Code for retail payment linkage between Viet Nam and Thailand is launched today, 26 March 2021.

/crypto

Central bank of Thailand outlines stablecoin policy

Ms. Siritida Panomwon Na Ayudhya, Assistant Governor of Payment Systems Policy and Financial Technology Group, Bank of Thailand (BOT), noted the rapid technological advancements giving rise to a new generation of financial services.

/crypto

Thai central bank points to DLT constraints in CBDC trials

A Bank of Thailand project to explore the use of a central bank backed digital currency and distributed ledger technology in B2B invoice payments found commercial benefits to users but limitation in supporting large transactions volumes and preserving privacy.

/crypto

China and UAE central banks explore CBDC for cross-border payments

The central banks of China and the United Arab Emirates are joining their counterparts in Thailand and Hong Kong on a CBDC project investigating cross-border foreign currency payments.

/cloud

Bank of Thailand launched blockchain-based government savings bond platform

Thailand's central bank has teamed up with IBM to launch the world's first blockchain-based platform for government savings bonds, issuing a total of $1.6 billion within two weeks.

/regulation

Bank of Thailand issues new rules for digital loans

Thailand's central bank has published new measures for the growing digital personal loan market that will allow lenders to use a wider range of alternative data sources when making credit decisions.

/crypto

Thai central bank preps CBDC-based prototype for businesses payments

The Bank of Thailand is building a prototype of a payment system for businesses using Central Bank Digital Currency (CBDC).

Hong Kong and Thai central banks report back on digital currency trials

The Hong Kong Monetary Authority and the Bank of Thailand have completed a working prototype of a cross-border digital currency payment system.

MAS blockchain payment project moves into fifth phase

The Monetary Authority of Singapore says it has engaged with more than 40 financial and non-financial firms to determine the commercial viability and value of its blockchain-based prototype for multi-currency payments.

/wholesale

Bank of Thailand goes live with SimCorp Dimension

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announces that The Bank of Thailand, the country’s central bank with USD 226 billion in reserves, has successfully implemented and is live on SimCorp Dimension

Hong Kong and Thailand sign fintech co-operation pact

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) entered into a Memorandum of Understanding (MoU) on 12 May 2019 to foster collaboration between the two regulatory authorities in promoting financial innovation.

Wipro develops prototype for central bank digital currency initiative in Thailand

Wipro is working with the Bank of Thailand and eight of the nation's largest banks to develop a blockchain-based interbank payment system using digital tokens.

Thai central bank kicks off digital currency project

Thailand's Central bank has kicked off a project with R3 and eight banks on the development of a digital currency (CBDC) for use in domestic wholesale funds transfers.