Bangkok, July 28 (Xinhua) -- Thailand's central bank yesterday issued guidelines to regulate and promote the use of blockchain technology in the financial sector. The guidelines, released by Siritida Panomwon Na Ayudhya, Assistant President of the Payment Systems Policy and Financial Technology Group at the Bank of Thailand, provide principles for financial service providers to adopt blockchain technology.
The Bank of Thailand cited blockchain's "strong potential to improve efficiency, transparency and cross-industry interoperability" and said the guidelines are aimed at promoting financial innovation while tightly regulating risks. Ultimately, it hopes the regulatory framework will "increase confidence in the use of blockchain-based financial services." The guidelines came into effect on June 4, 2021. [原文链接]