RABIT Weekly News (W3 January 2023)

The first virtual bank in Thailand will operate in 2025. The bank of Thailand said, “We will apply a bill at the end of 2023 that allows virtual banks to act as financial service providers.” Such a decision seems to be aimed at increasing competition in the country and boosting economic growth.
According to Chainalysis, a blockchain data tracking analysis company, illegal trading of virtual assets reached the highest record of USD 201 billion last year. Chainalysis analyzed that this is due to the stagnation of the virtual asset market.
The Chinese government said it would launch a state-led digital asset exchange this month. According to local media in China, NFT and digital copyrights will be traded through the exchange.