Asian Regulators are stepping up their efforts in supporting FinTech and creating the ecosystems in their respective countries to help start-ups succeed. Singapore, Malaysia, Indonesia and Thailand are ste
The central bank of Thailand has deemed the time right to introduce more fintech regulation. Every financial startup in the country brings innovation to the table. At the same time, there is also systemic risk and consumer protection to take into account. This sentiment applies to Bitcoin and cryptocurrencies as well, NewsBTC understands. Bank of Thailand Has Good And Bad Ideas Building a fintech-specific regulatory framework may sound scary, but it doesn’t have to be. Bank of Thailand governor Veerathai Santiprabhob wants all fintech companies to be registered with the central bank. That would also mean any bitcoin company in Thailand would go through this process. Keeping in mind how Bitcoin startups and banks hardly ever see eye to eye, this could result in conflict
http://www.newsbtc.com/2016/08/25/bank-thailand-expects-new-fintech-regulation-go-effect-soon/
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