FILE PHOTO: People walk inside the Bank of Thailand in Bangkok, Thailand, August 5, 2016. Picture taken August 5, 2016. REUTERS/Chaiwat Subprasom
February 1, 2022
BANGKOK (Reuters) – Thailand’s central bank plans to allow banks to invest more than a current limit of 3% of their capital funds in fintech, except in digital assets, an assistant governor said on Tuesday.
The central bank also expects to issue rules on virtual banks in the first half of the year, Roong Mallikamas told a news conference.
(Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Martin Petty)
Source: One America News Network
