Asia Morning Briefing: Thai Banks May Soon Hold Crypto, SCB10X CEO Signals $SAND Push

Asia Morning Briefing: Thai Banks May Soon Hold Crypto, SCB10X CEO Signals $SAND Push

Thai banks could soon enter the crypto space, following signals from SCB10X CEO highlighting interest in digital assets. The move aligns with Thailand's broader push toward fintech innovation.

Speaking at a recent event, the SCB10X executive suggested that regulatory sandboxes ($SAND )may be used to explore crypto custody and blockchain services. This marks a significant step, potentially allowing traditional banks to hold cryptocurrencies directly.

With evolving regulations and increased institutional interest, Thailand is positioning itself as a regional leader in digital finance. The move could open new opportunities for banks and foster greater adoption of blockchain technology.

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