Guidelines for blockchain adoption released in Thailand

July 30, 2021
Miss Siritida Panomwon Na Ayudhya, Assistant Governor, Payment Systems Policy and Financial Technology Group of Thailand’s central bank disclosed the bank’s guidelines on the use of blockchain technology in the financial sector on 27th of July, 2021.
The official press release reported, ” In order to assure the system efficiency, security, and increase people’s confidence in using the financial services applying the new technology such as Blockchain; the guidelines will include 4 parts”. The 4 parts namely are: blockchain business application, blockchain governance, IT risk management and legal risk management.
However,despite such a promising move by the bank, it declared earlier this month that it does not support the use of cryptocurrency as a means of payment.
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