Bank of Thailand Ordered to Relax Strict Rules and Study Bitcoin (1)

The Bank of Thailand has been ordered by Thailand’s Deputy Prime Minister to look closer at bitcoin and relax its strict rules which hinder fintech innovation. The Thai Deputy Prime Minister Somkid Jatusripitak recently ordered the Bank of Thailand (BOT) to study if bitcoin is suitable as a legal method of payment in the country, according to several local newspapers. At the fintech event organized by the Matichon Group last month, he said the Ministry of Finance and the BOT must collaborate to support fintech, adding that (loosely translated)