Pakorn Peetathawatchai, president of the Stock Exchange of Thailand (SET), revealed details of a new platform and shared insights into country’s digital future.
In 2020 the Stock Exchange of Thailand (SET), will launch a platform for trading digital assets. The company is focusing on implementing a three-year strategic development plan to create a common digital market, including the delivery of new investment opportunities and services.
Pakorn Peetathawatchai, SET president, expects that a ‘digital era’ will embark on a march already this year. Innovations will relate to the process of opening an account, which rules out any paperwork, and online registration and fee collection. Among others, interbank payments process will be improved and become more operations and finance effective for companies that deal with securities.
Amid uncertainties around the globe about what to make of cryptocurrency, Thailand has joined other countries, like Malta or Japan, in regulating crypto exchanges and handed out the first four licences in January. The deal has been lauded as a major step forward in legitimising cryptocurrency in Thailand.