News Forum - Bank of Thailand concerned with banks trading in digital assets

[Thaiger]

The Bank of Thailand said they don’t want commercial banks to directly trade in cryptocurrency and digital assets due to their extreme volatility. Thai lenders have been investing more and more in digital asset exchanges in Thailand with several banks making deals in the digital currency space. Siam Commerical Bank recently purchased a 51% share of Bitkub for 17.85 billion baht, Thailand’s most successful digital exchange that has captured a staggering 92% of all licensed trading turnover, over 1 trillion baht in 2021. And Bank of Audhya was involved in a 1.37 billion baht investment in Zipmex, another digital exchange. […]

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[palooka]

"If other currencies are widely used, it will impact the central bank’s ability to oversee the economy. For digital assets, we are not afraid of everything, but there is a spectrum – most worrying are blank coins.”

Thought it was only me that had a problem with trading hard cash for thin air and fantasy.

[AlexPTY]

it's still better than banks creating their own coins. 1Autha=0.004 baht

[palooka]

 

2 hours ago, AlexPTY said:

it's still better than banks creating their own coins. 1Autha=0.004 baht

Or the Chinese creating solid Bitcoins that are worth 0.000000000000000000000000000