Stablecoin Thai Baht Made Illegal By Bank Of Thailand By DailyCoin

Stablecoins have been introduced into the crypto space to provide a store of value and reduce market volatility, making them an indispensable asset for any trader. While individuals understand and appreciate the advantages they bring into the market, some regulatory systems and governmental institutions, such as the Bank of Thailand (BOT), have confronted the growing demand for stablecoins by declaring them illegal.

Used to bridge the gap between fiat and cryptocurrency, stablecoins have innovated how trading and transactions occur through the network of people and exchanges. The demand for stablecoins has increased due to an expansion in exchanges, most notably decentralized exchanges that make crypto transactions much more accessible.

Terra (LUNA) And The Thai Issue

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