Thai central bank to allow banks to do some digital asset businesses


FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva/File Photo/File Photo

BANGKOK (Reuters) - Thailand's central bank is planning new rules on investments in digital assets by subsidiaries of commercial banks, including allowing them to invest up to 3% of their capital in such businesses, an assistant governor said on Wednesday.

The improved rules are expected to be introduced in the middle of this year and will provide more flexibility in doing business while upgrading supervision in line with changing risks, Roong Mallikamas told a news conference.

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