BANGKOK : Thailand's central bank is planning new rules on investments in digital assets by subsidiaries of commercial banks, including allowing them to invest up to 3per cent of their capital in such businesses, an assistant governor said on Wednesday.
The improved rules are expected to be introduced in the middle of this year and will provide more flexibility in doing business while upgrading supervision in line with changing risks, Roong Mallikamas told a news conference. Units of commercial banks will be allowed to invest no more than 3per cent of their capital in regulated digital asset businesses, such as digital asset exchanges, to limit new risks that could affect confidence of banks, Roong said.
The central bank has yet to allow commercial banks to directly operate digital asset businesses, she said.However, the central bank will remove a current limit of 3per cent of capital that commercial banks can invest in fintech, to allow them to make more use of financial technology.
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