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Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets
10.8.2022
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...
‘This Is the Usual’: Thai Central Bank Governor on CBDC Pilot Delay
1.6.2022
Former Thai Central Bank Director Predicts Crypto Bubble Emerging in March
10.2.2022
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...
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
12.12.2021
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...
Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law
21.3.2021
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,...
Thai Central Bank Sets A Precedent By Banning Baht-pegged Stablecoin
18.3.2021
Source: iStock/Jan-Otto
The Thai central bank, the Bank of Thailand, has taken the unprecedented step of banning a fiat baht-pegged stablecoin, claiming that it could undermine the Thai public’s confidence in the existing financial system.
The stablecoin in question is the THT, the brainchild...
Thai central bank issues $1.6B in government bonds on IBM blockchain
5.10.2020
The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform
Thai Central Bank’s New Blockchain-Enabled Bond Infrastructure Passes Test With $1.6B Bond Sale
14.9.2020
The central bank of Thailand announced on Friday it has launched the “DLT Scripless Bond Project” aimed at building a secure and efficient government bond infrastructure
Thai Central Bank Says Big Businesses Are Already Using its CBDC
17.7.2020
Another country has moved a step closer to issuing a central bank digital currency (CBDC), with Thailand’s central bank stating that it is “already using” its token “for financial transactions with some big businesses.”
Per Nation Thailand, the Vachira Arromdee, assistant governor of the Bank...
Thai Central Bank Taps Cement Company for First Digital Currency Payments
20.6.2020
The Bank of Thailand is integrating a CBDC payments system into the financials of the country’s oldest cement company in an extension of its Inthanon project