TechFlow news, May 27 — According to CoinDesk, Kaweewut Temphuwapat, the newly appointed CEO of SCB10X, the venture capital arm of Thailand’s prominent financial institution Siam Commercial Bank (SCB), said that Thai banks may soon be able to hold cryptocurrencies through a regulatory sandbox.
Temphuwapat noted that Thai regulators are open to financial innovation and that the country has established robust payment infrastructure. As an early investor in Ripple, SCB10X has been utilizing blockchain technology in its applications for over five years. He expects that as the U.S. cryptocurrency regulatory framework becomes clearer, it will drive more investment into Asian markets. Additionally, SCB10X will focus on investment opportunities at the intersection of artificial intelligence and cryptocurrency.
