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…

Relentless Rise Of Thai Baht Causes Exporting Concerns

Thai Central Bank Warns against Baht-Denominated Stablecoin

Thai Central Bank Warns against Baht-Denominated Stablecoin Private issuance of any monetary alternative violates the country’s currency act. The Bank of Thailand (BoT) has issued a warning on Wednesday against Thai Baht Digital (THT), a baht-denominated stablecoin, and asked the public not to make any sort of investment in it. The central bank raised alarm…