Bank of Thailand Public Hearing on Guidance to Participate the Regulatory Sandboxadmin
Thailand’s FinTech regulation is evolving and 2017 will be an exception year for financial innovation within Thailand. The Bank of Thailand (“BOT”) has published consultation papers on how the proposed regulatory regime using a “Sandbox” approach will function. This regulatory sandbox will allow FinTech firms and financial instructions the ability to test their products in a system that will allow real world trials, while providing consumer protection.
Silk Legal is pleased to provide an unofficial English translation of the most recent Bank of Thailand discussion surrounding the Regulatory Sandbox.