The logo of cryptocurrency exchange Bitkub, which is 51% owned by Siam Commercial Bank, is seen in a cup of coffee at a crypto cafe in Nakhon Ratchasima, Jan 21, 2022. (Reuters file photo)
The Bank of Thailand (BoT) is planning new rules on investments in digital assets by subsidiaries of commercial banks, including allowing them to invest up to 3% 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 3% of their capital in regulated digital asset businesses, such as digital asset exchanges, to…
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