Showing 41 - 50 of 1,506
SEC hardens funding rules for operators
Business, Nuntawun Polkuamdee, Published on 15/07/2022
» The Securities and Exchange Commission (SEC) has tightened regulations regarding capital requirements for digital asset operators to ensure they have sufficient funds to support their operations, enhance the market's credibility and flexibility, as well as improve investor protection.
CBDC straitjacket
Postbag, Published on 31/03/2025
» Re: "More central banks adopt digital currencies -- study", (Business, Sept 19, 2024).
Central banks in Asia spend billions to slow currency declines
Bloomberg, Published on 28/06/2022
» After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising US dollar.
Krungthai Unveils Global Savings Account for Smart Transactions
Published on 12/12/2024
» Krungthai Bank, Thailand’s leading commercial lank, is taking international banking to new heights with the launch of its Global Savings Account, designed to meet the needs of customers engaging in foreign transactions. This all-in-one account combines the convenience of global currency deposits, attractive interest rates, and competitive foreign exchange (FX) rates, making it ideal for anyone looking to manage investments, money transfers, and spending in multiple currencies.
Get ready for 'reverse currency wars' phenomenon
News, Jeffrey Frankel, Published on 06/06/2022
» The US dollar is up 12% against the euro over the past year and, at €0.93 (34.22 baht), is approaching parity. If prices of oil and other commodities now seem high in dollar terms, they look even higher in euros. With the greenback surging, and inflation in many countries currently at multi-decade highs, we may be entering so-called "reverse currency wars" -- in which countries compete to strengthen their currencies' foreign-exchange values.
Central bank ready to act if baht is too volatile
Reuters, Published on 27/04/2022
» The Bank of Thailand said on Tuesday it was closely monitoring the Thai baht and is ready to take action if moves in the currency are unusually volatile.
KBank steps in with B4.6bn buyback as shares sink
Business, Somruedi Banchongduang, Published on 31/01/2020
» Kasikornbank (KBank) has launched a hefty 4.6-billion-baht share buyback to shore up share prices that have slid more than 10% in less than a month.
Indonesia central bank says digital rupiah currency can be used in metaverse
Reuters, Published on 05/12/2022
» JAKARTA: Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.
Yuan won't outrank dollar anytime soon
Oped, Chartchai Parasuk, Published on 07/04/2022
» The issue of the Chinese yuan as a premier international currency has been around for quite some time. Right now, only 3% of international trade transaction is conducted in yuan and, correspondingly, central banks around the world keep only 3% of their international reserves in Yuan. To most, this is quite puzzling as China is the world's second-largest economy with a GDP portion of 13.04% of world GDP and is the world's largest exporter with a global market share of 14.7%.
Bank of Mexico Plans to Launch Digital Currency by 2024
Business, Anthony Harrup, Published on 03/01/2022
» The Bank of Mexico plans to put its own digital currency in circulation by 2024 to use the latest payments technology to foment financial inclusion in an economy that relies on cash for most transactions, according to the Mexican government.