Digital assets banned for payment
Regulators fret about financial stability
Regulators plan to prohibit the use of digital assets to pay for goods and services because it could create a risk for financial stability and the economy.
According to a joint statement by the Bank of Thailand, Securities and Exchange Commission (SEC) and the Finance Ministry on Tuesday, they have reviewed the benefits and risks of digital assets and deem it necessary to regulate their usage as a means of payment for goods and services to avert potential impacts on the country’s financial stability and economic system.
Charuphan Intararoong, assistant secretary-general…
