Undue politicisation at finance and BoT

Thai Central Bank Outlines Plans for Digital Baht

Thai Central Bank Outlines Plans for Digital Baht The Bank of Thailand, the country’s central bank, published today guidance detailing its views. In brief The Bank of Thailand splits stablecoins into two: baht-backed and others. There’s room to influence policy-making for the Thai crypto industry as the bank also announced it’s seeking input. The Bank…

Bank of Thailand warns against illegal baht-backed stablecoin

Bank of Thailand warns against illegal baht-backed stablecoin Thailand’s central bank is warning the public against using a stablecoin that purports to be backed by the country’s sovereign currency. The regulator claims that the stablecoin exposes the users to such risks as money laundering and cybercrimes. The Bank of Thailand (BoT) issued the warning against…