snoop1130 Posted February 2, 2022 Share Posted February 2, 2022 The Bank of Thailand is open to feedback from all stakeholders, until the end of this month, about its plan to set up virtual banks in Thailand, Governor Sethaput Suthiwartnarueput said today (Wednesday). He said that the feedback will be used to fine-tune in the drawing up of guidelines to enable virtual banks to become a new financial platform for the promotion of the digital economy. He noted, however, that the formation of such banks must take into account risk management, sustainability, development of digital technology, a competitive marketplace and the mitigation of any adverse impacts. Full Story: https://www.thaipbsworld.com/thai-central-bank-invites-feedback-on-its-plan-to-set-up-virtual-banks/ -- © Copyright Thai PBS 2022-02-02 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post Whale Posted February 2, 2022 Popular Post Share Posted February 2, 2022 Utter bull, as in any country, no feedback is needed just the fact they asked for feedback supports the decision they have already made. This works makes me so sad some days. 2 1 1 Link to comment Share on other sites More sharing options...
DezLez Posted February 2, 2022 Share Posted February 2, 2022 (edited) Could this become "The Hub of Virtual Hubs" where the wheels never fall off and it all keeps going round and round and round? Edited February 2, 2022 by DezLez 2 Link to comment Share on other sites More sharing options...
RichardColeman Posted February 2, 2022 Share Posted February 2, 2022 1 hour ago, Whale said: Utter bull, as in any country, no feedback is needed just the fact they asked for feedback supports the decision they have already made. This works makes me so sad some days. Think you are wrong, they are asking for it so they can say 'well, you wanted and agreed it' when it all goes bits up ! Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted February 2, 2022 Popular Post Share Posted February 2, 2022 Will you have to have a virtual gun ..to rob a virtual bank, but it might not be worth it if they only have virtual money. created by computer technology and appearing to exist but not existing in the physical world : like Bitcoin ..... regards worgeordie 3 Link to comment Share on other sites More sharing options...
mikebell Posted February 3, 2022 Share Posted February 3, 2022 On-line banking scams are endemic to Thailand; it is a hub of corruption in so many institutions. 1 1 Link to comment Share on other sites More sharing options...
scorecard Posted February 3, 2022 Share Posted February 3, 2022 2 hours ago, mikebell said: On-line banking scams are endemic to Thailand; it is a hub of corruption in so many institutions. Big problem in Australia too. Link to comment Share on other sites More sharing options...
connda Posted February 3, 2022 Share Posted February 3, 2022 15 hours ago, Whale said: Utter bull, as in any country, no feedback is needed just the fact they asked for feedback supports the decision they have already made. This works makes me so sad some days. "We're going to jam digital currency down your throats - and you'll be Happy." 1 Link to comment Share on other sites More sharing options...
chilly07 Posted February 3, 2022 Share Posted February 3, 2022 Guess they will be relying on other countries financial regulators to police this. City of London should step up. Plenty of practice with Russian Oligarchs and Tax Havens. Seriously there are already well functioning digital banks out there. Link to comment Share on other sites More sharing options...
huangnon Posted February 3, 2022 Share Posted February 3, 2022 26 minutes ago, connda said: "We're going to jam digital currency down your throats - and you'll be Happy." In line with the World Economic Forum's plans to make a one world (digital) currency, that monitors every transaction you make.. https://www.weforum.org/agenda/2021/12/cbdc-stablecoin-digital-currency-regulation/ And thus controls the fine details of your life. 1 Link to comment Share on other sites More sharing options...
Dumbfounded Posted February 3, 2022 Share Posted February 3, 2022 Can I deposit virtual money in my virtual account? 1 1 Link to comment Share on other sites More sharing options...
billd766 Posted February 3, 2022 Share Posted February 3, 2022 31 minutes ago, Dumbfounded said: Can I deposit virtual money in my virtual account? More importantly can I draw real money from a virtual account. 2 Link to comment Share on other sites More sharing options...
it is what it is Posted February 3, 2022 Share Posted February 3, 2022 He noted, however, that the formation of such banks must take into account risk management, sustainability, development of digital technology, a competitive marketplace and the mitigation of any adverse impacts. ... also try not to make the web site look like it was designed by a school student for their IT project, and please try to make it secure from data breaches... 1 Link to comment Share on other sites More sharing options...
Laughing Gravy Posted February 3, 2022 Share Posted February 3, 2022 14 hours ago, huangnon said: In line with the World Economic Forum's plans to make a one world (digital) currency, that monitors every transaction you make.. https://www.weforum.org/agenda/2021/12/cbdc-stablecoin-digital-currency-regulation/ And thus controls the fine details of your life. Just look at China the template for everything. Almost impossible to use 'fiat money' or get it as ATM's have been taken away and the 'sheeple' here just go along with it. WeChat and Alipay for everything. A similar system coming to a country near you soon. Even though it has been 4 years since I was last in the UK I was so surprised how many people will by a newspaper or other small item with a credit/debit card. I guess I am old fashioned or a traditionalist, where I like to have a wallet with some money in it.???? 2 Link to comment Share on other sites More sharing options...
2old4fixies Posted February 4, 2022 Share Posted February 4, 2022 On 2/2/2022 at 10:59 AM, worgeordie said: Will you have to have a virtual gun ..to rob a virtual bank, but it might not be worth it if they only have virtual money. created by computer technology and appearing to exist but not existing in the physical world : like Bitcoin ..... regards worgeordie I reckon if Bitcoin has any physical property, it would be the energy used to operate and protect the network. Not the hardware that operates the mining or nodal networks, but the energy the runs the miners and nodes. Now, consider El Salvador with their volcanic geothermal energy, definitely observable and physical. Same goes for stranded natural gas burn offs, solar output stored in a battery, etc. Energy fuels the proof of work that is integral to Bitcoin. So really, it's not much of a stretch to say Bitcoin does at least have physical attributes. One thing I know for sure, Bitcoin can certainly be converted into just about anything one would need in the physical world. Link to comment Share on other sites More sharing options...
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