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HKMA Project Ensemble partners with Brazil, Thailand for tokenization

[Oct 28 6:29 PM] The Hong Kong Monetary Authority launch Project Ensemble in March and now has at least three countries participating. 

Analyst: Bank of Thailand Boosts Gold Reserves to Push De-Dollarized Trading System Fueled by CBDC

[Jun 18 7:34 PM] The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate…

Bank of Thailand Tests Potential of a Retail CBDC, the Digital Baht

[May 9 3:40 AM] The Bank of Thailand (BOT) has released a report on its Retail Central Bank Digital Currency (CBDC) pilot project, conducted using Giesecke+Devrient’s (G+D) technology solution. The project tested the digital version of the Baht and its potential…

Thailand's KBank Starts $100M Fund Targeting AI and Web3

[Sep 14, 2023 12:56 AM] Thailand-based Kasikornbank (KBank), one of the major banks in South East Asia, has launched a fund worth $100m targeting AI and Web3 globally.

Report: UAE Central Bank Implements Digital Currency Strategy

[Mar 29, 2023 2:30 AM] The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and…

Report: Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens

[Mar 10, 2023 6:30 AM] Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax…