Cryptocurrencies cannot become a means of payment – Bank of Thailand’s Governor
In order to reduce risks and safeguard investors, the government of Thailand is working on a new legal framework that will set to identify “red lines” for cryptocurrencies such as Bitcoin (BTC) and the crypto industry at large. In a Dec. 14 interview with The Bangkok Post, Governor Sethaput Suthiwartnarueput stated the Bank of Thailand […]
Bank of Thailand restricts local banks from trading crypto
Bank of Thailand stated on Tuesday that it does not want commercial banks to trade digital assets directly, citing the risks of extreme price volatility. Thai lenders have begun investing in local digital asset exchanges, according to senior director Chayawadee Chai-Anant of the Bank of Thailand (BOT). Siam Commercial Bank Pcl (SCB) announced a $537 […]