Thailand ICT

Thailand has taken a step towards formalising its digital asset trade, introducing new rules governing cryptocurrencies that could boost confidence in the market and address concerns over investor security.

Already a rising player in global innovation rankings, Thailand is looking to further improve its standing by widening broadband access.

Increased investment in communications infrastructure aimed at achieving nationwide broadband coverage is under way in Thailand. 

As the government sharpens it focus on ICT, a digital drive is taking shape in Thailand, underpinned by plans that include incentives for investors and improved communications infrastructure.

Despite advances over the past year, the slow pace of information and communications technology (ICT) development in Thailand could put the economy at a disadvantage against rival ASEAN neighbours, a series of reports have warned.

The sale of nine 3G licences in an auction in mid-October raised Bt41.6bn ($1.35bn) for Thailand’s National Broadcasting and Telecommunications Commission (NBTC), heralding the long-awaited introduction of more advanced data services in the telecoms industry. There are concerns, however, that the bandwidth prices were set too late and will not encourage competition among providers.