𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝 𝐢𝐬 𝐩𝐚𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 𝐰𝐚𝐲 𝐟𝐨𝐫 𝐯𝐢𝐫𝐭𝐮𝐚𝐥 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐥𝐚𝐰𝐬 𝐟𝐨𝐫 𝐜𝐫𝐲𝐩𝐭𝐨
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Thailand ranks 8th in the global crypto adoption index ranking.
As Thai users' interest in digital assets increases, stricter regulations are required to protect Thai investors.
By 2025, the Bank of Thailand (BoT) will allow virtual banks to operate in this country.
Virtual banks are expected to become leverage to promote competition and economic growth in the land of golden pagodas.
In addition, after experiencing an eventful 2022, the Thai SEC will add or amend regulations on advertising, ban lending & borrowing platforms, etc. due to concerns about negative impacts affecting investors domestically.
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