The Bank of Thailand will delay its test of a central bank digital currency (CBDC) from the second quarter to late next year, Reuters reported Friday.The retail CBDC will be tested as an alternative payment method for “cash-like activities within a limited scale,” the bank’s Assistant Governor Vachira Arromdee said in August.Thailand will be slow and prudent in testing the … [Read more...] about Thai Central Bank to Delay CBDC Test Till Late 2022: Report
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Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner
Bithumb’s Hong Kong affiliates are reportedly facing a civil suit for breach of contract.According to a Tuesday report by the Korea Times, the suit is being initiated by a former Bithumb partner in Thailand, which is accusing the South Korean-headquartered exchange of unilaterally halting its business in Thailand and causing major losses. The Thai firm — which remains unnamed — … [Read more...] about Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner
110-year-old Thai bank SCB taps into DeFi project Band Protocol
SCB 10X, the holding company of Siam Commercial Bank, Thailand’s first commercial bank, said today it was joining decentralized finance (DeFi) project Band Protocol as a node validator, as per a tweet this morning.Officially welcome one of the biggest financial institutions in Thailand as one of $BAND oracle validators!DeFi x CeFi merge is becoming a reality and we are excited … [Read more...] about 110-year-old Thai bank SCB taps into DeFi project Band Protocol