Posted inAT Finance, China, Hong Kong, Northeast Asia, Singapore, South Korea, Thailand

Bank of Thailand to launch its own crypto-currency

Central banks’ antagonism towards crypto-currencies is well established. Banks profit from charging customers for transactions and services, but decentralized currencies cut out the need for the middle man – the banks. This allows crypto users to do business more efficiently and at significantly reduced cost. However, increasingly, even central banks are coming around to understanding […]

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