Financial regulators in Thailand to limit the use of cryptocurrencies in payments.
Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only bring risks for the financial system, economy, people and businesses.Financial regulators in Thailand are taking steps to prevent the use of cryptocurrencies in payments for goods and services, citing various financial and economic threats.
The Thai SEC will in future supervise the providers in the sector closely to make sure they are not offering digital assets as a payment method. At the same time, the new regulations are not intended to block crypto trading and investing. The regulator explained:
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