Cryptocurrency gains momentum in Thailand, across globe

1 Oct 00:03 Key points summarised by AI

Thailand's SEC abandoned income-based restrictions for crypto investors, implementing knowledge-based regulations requiring experience or training to ensure investor understanding and protection.
The new regulatory framework mandates crypto exchanges to provide educational resources and knowledge tests, a practice already championed by platforms like Zipmex to foster informed participation.
Globally, institutional investors are increasingly driving cryptocurrency growth, with major financial institutions like JPMorgan and BlackRock entering the market, alongside payment giants PayPal and Square supporting digital asset transactions.
The Bank of Thailand is actively developing its own retail Central Bank Digital Currency (CBDC) while navigating the balance between financial stability, investor protection, and fostering innovation in digital finance.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.