by Good Morning, Asia! Welcome to your daily Asia Morning Briefing, where we bring you the latest developments in the cryptocurrency market and financial landscape. In this edition, we’ll discuss the potential for Thai banks to hold cryptocurrencies, insights from SCB10X’s visionary CEO, and significant market movements that may impact your investment strategies.
Thai Banks Poised for Cryptocurrency Adoption
In a bold move towards modernization, Thai banks are on the verge of holding cryptocurrencies directly on their balance sheets. SCB10X, the venture arm of Thailand’s SCB Bank, is at the forefront of this initiative. Kaweewut Temphuwapat, the newly appointed CEO of SCB10X, emphasized the intersection of artificial intelligence (AI) and cryptocurrency as a focal point for future investments. He noted, “We definitely [are
