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Responsible financial innovation in ASEAN

· Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (Thailand)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, trade, fragmentation and geopolitics, growth, investment and productivity, technology, ai and cyber risk

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· Sethaput Suthiwartnarueput Wiki · Bank of Thailand WikiResponsible financial innovation in ASEAN

ContextSpeech at the Bangkok Digital Finance Conference on building an ASEAN financial corridor; the Bank of Thailand keeps finance stable and promotes safe digital payments across the region.

Why it mattersThe Thai governor sets out principles for regional digital payments and tokenisation, aiming to avoid fragmentation across ASEAN.

Problems raised
  1. Digital finance could undermine the fundamentals of money.
  2. Tokenisation could create fragmentation.
  3. Regional standards are lacking.
Solutions proposed
  1. Build the ASEAN financial corridor.
  2. Set governance and common standards.
  3. Make regional payments open, interoperable and trusted.
Read full speech on bis.org ↗

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