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Thai Central Bank Plans Stablescoins Regulations This Year
Summary: According to Reuters, Thailand’s central bank expects to issue regulations on asset-backed stablecoins this year, an assistant governor said on Friday (March 19), after warning against use of a new baht-denominated stablecoin that was created abroad.“The central bank is receiving opinions from market regulators and participants before announcing regulations, Siritida Panomwon Na Ayudhya told a briefing.The ...
According to Reuters, Thailand’s central bank expects to issue regulations on asset-backed stablecoins this year, an assistant governor said on Friday (March 19), after warning against use of a new baht-denominated stablecoin that was created abroad.
“The central bank is receiving opinions from market regulators and participants before announcing regulations, Siritida Panomwon Na Ayudhya told a briefing.
The Bank of Thailand (BOT) will regulate foreign currency-backed stablecoins, asset-backed stablecoins, and algorithmic stablecoins that are not illegal, she said.
Tracy Chen
Tags: Thai Central Bank
Link: Thai Central Bank Plans Stablescoins Regulations This Year [Copy]
