The new CEO of SCB10X, the venture capital arm of SCB (Siam Commercial Bank) in Thailand, Kaweewut Temphuwapat, stated that Thai regulators are "active and innovative" in the field of encryption finance, and that the payment infrastructure is robust. In the future, banks, including SCB, are expected to pilot direct holdings of encryption assets under the regulatory sandbox framework, "This is a clear intention, and the regulatory authorities have allowed us to proceed with a small-scale trial." (CoinDesk)
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The new CEO of SCB10X, the venture capital arm of SCB (Siam Commercial Bank) in Thailand, Kaweewut Temphuwapat, stated that Thai regulators are "active and innovative" in the field of encryption finance, and that the payment infrastructure is robust. In the future, banks, including SCB, are expected to pilot direct holdings of encryption assets under the regulatory sandbox framework, "This is a clear intention, and the regulatory authorities have allowed us to proceed with a small-scale trial." (CoinDesk)