This comes after the government last year approved tax incentives for bank mergers to help them better compete with their larger regional rivals.
Offerings of digital tokens will not be allowed until the regulations are announced.
They are also banned from allowing clients to use credit cards to buy cryptocurrency.
Thailand’s five biggest lenders are Bangkok Bank, Krung Thai Bank, Siam Commercial Bank, Kasikornbank and Bank of Ayudhya.
Japan remained Thailand’s biggest investor in 2016, followed by Singapore and China.
Thai cabinet approved a plan by the Government Pension Fund (GPF) to lift its overseas investment ceiling to 30 percent from 25 percent to boost investment returns, a government spokesman said on Tuesday. GPF is the country’s largest pension fund, which manages civil servants’ savings. It plans to gradually lift… Read more »
Thailand’s cabinet on Tuesday approved short-term measures aimed at reviving the property sector and helping low- and middle-income earners to buy a home amid a struggling economy. The package includes fee cuts and relaxed mortgage conditions, Deputy Prime Minister Somkid Jatusripitak told reporters. “The measures are aimed at … reducing… Read more »