Time and money are largely interchangeable terms. - Winston S. Churchill

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Thailand to launch virtual banks in 2025

Photo by Mathew Schwartz / Unsplash

Thailand's financial regulator has issued a press release on the licensing of virtual banks.

The first details and nuances of the regulation will be known this year, with full operation of such institutions starting in 2025.

The Central Bank took this step to stimulate competition in the financial segment and economic growth.

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