Thailand plans to ban digital asset operators from facilitating use of crypto as a means of payment for goods and services, its central bank and market regulator said on Tuesday, in a bid to limit risks.
Digital asset business operators have expanded their businesses to cover services related to the use of digital assets as payments, which may result in a wider adoption of such activity, the Bank of Thailand, the Securities and Exchange Commission and Ministry of Finance said in a joint statement.
That could potentially impact financial stability and the overall economic system, it said.
The announcement came hours after the regulator in nearby Indonesia warned financial firms not to offer and…
