Search results for Bank of Thailand
Crypto
Thailand scrutinises large USDT transactions, steps up monitoring of stablecoins and cash
Thailand\'s central bank has begun monitoring large stablecoin transactions centred on USDT as part of a crackdown on money laundering, illegal finance and so-called grey money. Working with the Securities and Exchange Commission, it is auditing USDT, cash and currency exchange transactions to identify and block illicit flows. Oversight will extend to cash networks, exchange booths, gold bar trades and suspicious stablecoin activity, while cash rules will require source reporting and full disclosure for deposits above 5 million baht.
Finance
LINE BK unveils 2026 business strategy, aims to be Thailand\'s everyday financial partner
Thailand mobile banking platform LINE BK on Friday released its 2025 results and 2026 business strategy. It said total customers topped 8.4 million at end-2025, up about 14 percent from a year earlier. Lending customers rose 20 percent to about 900,000 and loan balances exceeded 27 billion baht. For 2026, it plans to enhance banking, lending and insurance brokerage services, expand partnerships and keep the NPL ratio below 3 percent.
Finance
KakaoBank signs joint venture agreement with SCBX to push ahead with Thailand virtual bank
KakaoBank is moving ahead with plans to establish a virtual bank in Thailand after signing a joint venture investment agreement with SCBX. The signing ceremony took place in Bangkok. KakaoBank plans to acquire a 10 percent stake first and later increase it to 24.5 percent, becoming the second-largest shareholder. It will oversee front-end development, with WeBank Technology Services joining as a technology partner.