SCB10X CEO in Thailand: Bank of Thailand may soon be able to hold cryptocurrencies through a regulatory sandbox
2025-05-27 03:42:45
According to CoinDesk, Kaweewut Temphuwapat, the new CEO of SCB10X, the venture capital arm of Siam Commercial Bank (SCB) in Thailand, said that Thai banks may soon be able to hold cryptocurrencies through a regulatory sandbox. "Thai regulators are open to financial innovation, and Thailand has established a sound payment infrastructure. SCB10X, as an early investor in Ripple, has been using blockchain technology in its applications for more than 5 years." It expects that as the US cryptocurrency regulatory framework becomes clearer, more investment will flow to the Asian market. In addition, SCB10X will also focus on investment opportunities in the field of artificial intelligence and cryptocurrency convergence.
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