Bank of Thailand Launches First Government Savings Bond based on Blockchain Technology

Bank of Thailand Launches First Government Savings Bond based on Blockchain Technology In the past, the sale of government savings bonds was a complex, multiparty, time-consuming process that relied on a non-real-time system, with duplicated validation steps and manual reconciliation prone to data errors. BANGKOK, Thailand, Oct. 5, 2020 /PRNewswire/ –SIBOS — IBM today announced that Bank of Thailand(BOT),…

Thai central bank issues $1.6B in government bonds on IBM blockchain

Thai central bank issues $1.6B in government bonds on IBM blockchain The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform. The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology. Within two weeks of the launch, the central bank sold more than…

Four Thai banks Probed Over Anti-Money Laundering Investigations

Four Thai banks Probed Over Anti-Money Laundering Investigations Four Thai banks allegedly involved in suspicious financial transactions are under investigation from the Anti-Money Laundering Office (Amlo) The Anti-Money Laundering Office (Amlo) is currently investigating an international report claiming that four major Thai banks were involved in suspicious financial transactions, according to the International Consortium of Investigative…