Thailand reportedly weighing bond-backed stablecoins but no official word

2025-1-30 11:47

Thailand's SEC plans to issue treasury-backed stablecoins for payments and investments to enhance its digital economy and reduce reliance on volatile cryptocurrencies. origin »

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Bank of Thailand Declares Terra-based Thai Baht Stablecoin THT Illegal & In Violation of Currency Act

The Bank of Thailand (BoT) has declared THT, a Baht-pegged stablecoin on Luna-powered Tera, in violation of the Currency Act of 1958, which gives the state exclusive authority to issue money. Pruettipong Srimachand, Assistant Governor of the Legal Group at the central bank, reported on the development around stablecoins in the private sector.

2021-3-18 19:31