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3232Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets
https://www.digit.info/thailand-plans-to-tighten-crypto-oversight-giving-central-bank-more-powers-to-regulate-digital-assets/
Wed, 10 Aug 2022 03:30:55 +0000https://www.digit.info/2022/08/10/thailand-plans-to-tighten-crypto-oversight-giving-central-bank-more-powers-to-regulate-digital-assets/Read more]]>Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are not a legal means of payment […]
]]>Former Thai Central Bank Director Predicts Crypto Bubble Emerging in March
https://www.digit.info/former-thai-central-bank-director-predicts-crypto-bubble-emerging-in-march/
Thu, 10 Feb 2022 03:00:01 +0000https://www.digit.info/2022/02/10/former-thai-central-bank-director-predicts-crypto-bubble-emerging-in-march/Read more]]>A former Bank of Thailand director has warned about an imminent crypto crash. “A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” he reportedly predicted. Former Central Bank Director Warns Crypto Market Will Soon Crash Former Bank of Thailand (BOT) Director Anusorn Thammajai reportedly warned that the […]
]]>Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
https://www.digit.info/thailand-doesnt-prohibit-crypto-use-for-payments-but-warns-of-price-fluctuation/
Sun, 12 Dec 2021 04:00:58 +0000https://www.digit.info/2021/12/12/thailand-doesnt-prohibit-crypto-use-for-payments-but-warns-of-price-fluctuation/Read more]]>Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop Panyanukul, senior director at the Bank of Thailand (BOT)’s Monetary […]
]]>Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
https://www.digit.info/thai-central-bank-declares-baht-pegged-stablecoin-illegal-in-violation-of-currency-law/
Sun, 21 Mar 2021 01:30:09 +0000https://www.digit.info/2021/03/21/thai-central-bank-declares-baht-pegged-stablecoin-illegal-in-violation-of-currency-law/Read more]]>Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called […]
Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are not a legal means of payment […]
A former Bank of Thailand director has warned about an imminent crypto crash. “A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” he reportedly predicted. Former Central Bank Director Warns Crypto Market Will Soon Crash Former Bank of Thailand (BOT) Director Anusorn Thammajai reportedly warned that the […]
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop Panyanukul, senior director at the Bank of Thailand (BOT)’s Monetary […]
Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called […]