Thai Ministry of Finance Gives Digital Asset Business Licenses to Four Firms

Thai Ministry of Finance Gives Digital Asset Business Licenses to Four Firms

The Thai Ministry of Finance has issued digital asset business licenses to four crypto-related firms, according to a notice published by the country’s Securities and Exchange Commission (SEC) Jan. 8. According to the announcement, the licenses were issued by the finance ministry “under the recommendation of the SEC Board.” The four companies that received a license are digital asset…

IMF-WBG Annual Meetings 2018

IMF-WBG Annual Meetings 2018

The Bank of Thailand Governor Veerathai Santiprabhob attended the IMF-WBG Annual Meetings 2018 in Bali, Indonesia, during the period of 10-14 October 2018. The topics of discussion highlighted the importance of open multilateral trade system, the need to rebuild policy space during the economic upcycle to raise growth potential and resilience, as well as an…

Thailand Rated Among Least Vulnerable Countries To A Strengthening US Dollar

US dollar appreciation raises credit risk for sovereigns with large external funding needs according to Moody’s report. Countries with large current account deficits, high external debt repayments and substantial foreign-currency government debt are most exposed but Thailand is among the least vulnerable countries to a stronger dollar. The strengthening US dollar since mid-April has prompted…