ChainCatcher news, according to CoinDesk, the new CEO of SCB10X, the venture capital arm of Thailand's major financial institution Siam Commercial Bank (SCB), Kaweewut Temphuwapat, stated that Thai banks may soon be able to hold cryptocurrencies through a regulatory sandbox.Temphuwapat pointed out that Thai regulators have an open attitude towards financial innovation, and the country has established a sound payment infrastructure. As an early investor in Ripple, SCB10X has been using blockchain technology in its applications for over 5 years. He expects that as the regulatory framework for cryptocurrencies in the United States becomes clearer, it will drive more investments towards the Asian market. In addition, SCB10X will also focus on investment opportunities in the integration of artificial intelligence and cryptocurrencies.

ChainCatcher news, according to Bitcoin.com, gold market analyst Jan Nieuwenhuijs stated that the Bank of Thailand's continuous purchases of gold may indicate that the country is preparing to use the CBDC cross-border settlement project mBridge to address the imbalances in the CBDC-dominated trading system.The analyst noted that just days before the release of the minimum viable product (MVP) of mBridge, China and Thailand signed a bilateral currency trading cooperation framework, with China and Thailand being two of the first members of the mBridge platform.

ChainCatcher news, according to the Bangkok Post, South Korea's digital bank KakaoBank has partnered with Thailand's fintech group, SCB X, a subsidiary of Siam Commercial Bank, to form a consortium to apply for a virtual banking license from the Bank of Thailand. SCB X plans to hold the majority of the shares, with KakaoBank holding at least 20%. The consortium aims to attract more partners to join the alliance.In addition, Sittipong Kittiprapapong, General Manager of Global Merchant Cooperation at Ant Group Thailand, stated that Alipay+ will collaborate with 10 overseas mobile wallets and plans to apply for a license from the Bank of Thailand. These 10 digital wallet providers are from Asia and Europe. (source link)

ChainCatcher news, according to the official announcement, the Bank of Thailand (BOT) will hold the "2022 Digital Finance Conference" from October 27 to October 29. The main venue of the conference will discuss the development of payment systems, cross-border payments, and central bank digital currencies (CBDC). On the technology dialogue stage, there will be in-depth discussions on promising developments and technologies such as artificial intelligence, blockchain, and Web 3.0. (source link)