Thailand Plans to Regulate the Use of Digital Assets as a Means of Payment

Thailand’s Central Bank (BOT), Securities and Exchange Commission (SEC) and Ministry of Finance (MOF) plan to jointly regulate the use of digital assets as means of payment for products and services.

by Thailand’s three financial authorities on January 25 According to the joint press release, regulators reviewing the benefits and risks of digital assets announced that it is necessary to regulate the use of digital assets as a means of payment in the country. In the statement, the regulation states that digital asset payments for products and services financial stability and possible effects on the economic system. was stated to be examined.

SEC Secretary General Ms. Ruenvadee Suwanmongkol;

As the regulator of digital asset businesses, we have a policy that promotes the development of digital asset businesses as well as consumer protection. We attach importance to the use of digital assets to develop the country’s economy and society.

said.

The SEC has set a deadline of February 8 for the document containing regulatory guidelines to limit the use of digital assets as payment services through its official website. opinion poll started. document, businesses means of payment facilitating the use of digital assets and ban on advertising offers. also of the stock markets and intermediary institutions, systems that help businesses receive crypto payments such as QR codes and e-wallets proposes to prohibit.

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