Thai Authorities Plan to Regulate Crypto as Means of Payment

Thai Authorities Plan to Regulate Crypto as Means of Payment
Thailand’s financial authorities plan to regulate the use of digital assets as a means of payment for goods and services, the Bank of Thailand, Ministry of Finance, and the Securities and Exchange Commission of Thailand said in a press release.Regulators will consider exercising their power to limit the use of crypto for payments, and will issue new guidelines for certain digital assets that support the financial system and innovation without posing systemic risk, according to the statement on Tuesday.Crypto firms have expanded their business to offer payment services using crypto and have solicited payments business by facilitating the acceptance of…