Digital Assets and Central Bank Digital Currency in ASEAN

Pawee Jenweeranon ()
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Pawee Jenweeranon: Thammasat University

Chapter Chapter 6 in Global Perspectives in FinTech, 2022, pp 97-115 from Springer

Abstract: Abstract Digital assetsDigital assets have been utilizedCentral Bank Digital Currency (CBDC) as fundraisingFundraising tools and means of trade in several Southeast Asian nations. These operations are being carried out outside of any legal framework, causing considerable worry among governments and regulatory agencies in many countries, who see them as posing serious threats to national financial stabilityFinancial stability and retail investors. However, apart from regulatorsRegulators and public concerns, governments and regulatorsRegulators in ASEANASEAN also recognize the potentials of ICOs, cryptocurrencyCryptocurrency and DLT technologyTechnology in various ways, such as the recognition of their potential for enhancing financial inclusionFinancial inclusion for start-ups as expressed by the Thai Securities and Exchange Commission (SEC), which is the main regulatorRegulators for supervising such activity.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-11954-5_6

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DOI: 10.1007/978-3-031-11954-5_6

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