The Bank of Thailand plans to collaborate with other regulatory agencies on setting up a co-regulatory sandbox to test digital identity verification through the National Digital ID (NDID) platform in the second half as part of efforts to further drive the digital economy.
The central bank has been in talks with the Electronic Transactions Development Agency (ETDA) and other regulatory bodies wanting to participate in digital identity authentication via facial recognition on the NDID platform and to expand NDID services and NDID use cases for the second phase covering corporate NDID.
The co-regulatory sandbox under the second phase of the NDID is…
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