* Will regulate only asset-backed stablecoins, not Bitcoin * Services using baht-backed stablecoins need cenbank approval * Cenbank developing retail c.bank digital currency
BANGKOK, March 19 (Reuters): Thailand's central bank expects to issue regulations on asset-backed stablecoins this year, an assistant governor has announced, after warning against use of a new baht-denominated stablecoin that was created abroad.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!