According to Deep Tide TechFlow, on May 27, Kaweewut Temphuwapat, the newly appointed CEO of SCB10X, the venture capital department of Siam Commercial Bank, stated that the Bank of Thailand may soon hold cryptocurrencies through a regulatory sandbox.
Temphuwapat pointed out that Thai regulators have an open attitude towards financial innovation and have established a robust payment infrastructure. SCB10X, as an early investor in Ripple, has been using blockchain technology for over 5 years.
He expects that the regulatory framework for cryptocurrencies in the United States will become increasingly clear, driving more investment towards the Asian market. SCB10X will also focus on investment opportunities in the fusion of artificial intelligence and cryptocurrency.
