The Bank of Thailand has postponed the issuance of virtual bank regulations until the third quarter of this year because it needs more time to clarify the new business licensing with related parties.
Central bank governor Sethaput Suthiwartnarueput said the regulator has received numerous inquiries about the new virtual bank licences from interested business operators.
The central bank plans to hold another public hearing about virtual banks to ensure clearer understanding of the new business, resulting in a delay to the timeline for licence applications, he said.
The bank intends to issue virtual bank regulations in the third quarter this year, said Mr Sethaput, delayed from the first quarter in the previous schedule. Applications for licences are expected to be made available…
