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Fintech / Regtech
BOT Outlines Plans to Develop Policy on Stablecoins
By Sanday Chongo Kabange | 24/03/2021
Parties seeking to issue a THB-backed stablecoin are required to consult with the BOT before beginning any operations. A consultation will be issued by mid-year.
Capital / Liquidity
Bangladesh Bank Eases Dividend Caps for Banks, NBFIs
By Editors | 24/03/2021
Banks can pay up to 35 percent in dividends and NBFIs up to 30 percent, provided half of the dividend is paid in stock.
Fintech / Regtech
BSP, PDAX to Cooperate on Crypto-and-Fintech Regulatory Sandbox
By Editors | 23/03/2021
A crypto-and-fintech regulatory sandbox will boost innovation and technological advancement in financial services, while also increasing public participation in these markets.
AML / KYC
Bangladesh TBML Rule Makes Mis-invoicing a Jailable Offence
By Sanday Chongo Kabange | 22/03/2021
A new Finance Ministry order makes incorrect declaration on exports, imports and investment abroad a jailable offence.
Capital / Liquidity
Myanmar Military Threatens to Confiscate Bank Assets
By Manesh Samtani | 19/03/2021
Commercial banks have been ordered to resume full operations, or else transfer deposit accounts to state- or military-owned banks.
Market Infrastructure
BOT to Continue THBFIX Publication until Mid-2023
By Editors | 18/03/2021
Banks should not undertake transactions using THBFIX from 1 July 2021 onwards. The BOT has started publishing fallback rates for THBFIX.
Capital / Liquidity
SEC Thailand Proposes Measures to Protect Funds from Panic Selling
By Editors | 18/03/2021
The SEC is considering imposing conditions for investors seeking to redeem mutual fund units, among other measures to enhance liquidity management at funds.
Fintech / Regtech
BOT Warns Against THB-Denominated Stablecoin
By Sanday Chongo Kabange | 18/03/2021
A stablecoin denominated in Thai baht has been developed overseas. Any activity involving the stablecoin is deemed illegal.
Securities / Derivatives
PSE Proposes Tighter Rules for Listings via Reverse Takeover
By Editors | 17/03/2021
Companies will be required to conduct a public offering of at least 10 percent of their shares within one year from closing a transaction that results in a backdoor listing.
Capital / Liquidity
Thai Banks Announce Lower Dividends Amid Declining Profitability
By Editors | 17/03/2021
The dividend announcements are in line with the central bank’s requirements for banks to limit payouts to 50 percent of 2020 net profit.
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