Thailand has approved virtual banking, while warning against “irresponsible lending.” The country’s central bank on Thursday (Jan. 12) said it expects financial institutions to operate in a sustainable fashion to ensure innovation. “Virtual banks should not initiate a race to the bottom through irresponsible lending,...
The Bank for International Settlements (BIS) on Wednesday (Oct. 26) published a report on Project mBridge, a four-nation collaborative pilot for cross-border central bank digital currencies (CBDCs). The Hong Kong Monetary Authority, the Bank of Thailand, the Digital Currency Institute of the People’s Bank of...
The Bank for International Settlements (BIS) says it has carried out the first pilot of a central bank digital currency (CBDC) involving “four jurisdictions and real-value transactions.” According to a statement published Tuesday (Sept. 27) on the BIS LinkedIn page, the pilot involved the BIS...
A digital euro could be the “Holy Grail” of cross-border payments, according to a recent report by the European Central Bank. A European central bank digital currency (CBDC) would present a solution that is “immediate, cheap, universal in terms of reach, and settled in a...
December 04, 2023
Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the FPS x PromptPay Link, according to a Monday (Dec. 4) press release. The collaboration between the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) aims to provide […]
January 12, 2023
Thailand has approved virtual banking, while warning against “irresponsible lending.” The country’s central bank on Thursday (Jan. 12) said it expects financial institutions to operate in a sustainable fashion to...
October 26, 2022
The Bank for International Settlements (BIS) on Wednesday (Oct. 26) published a report on Project mBridge, a four-nation collaborative pilot for cross-border central bank digital currencies (CBDCs). The Hong Kong...
September 29, 2022
The Bank for International Settlements (BIS) says it has carried out the first pilot of a central bank digital currency (CBDC) involving “four jurisdictions and real-value transactions.” According to a...
