cryptocurrency illegal

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Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency Law

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Thailand’s central bank has declared a stablecoin pegged to the Thai Baht illegal, citing violation of the country’s currency law. The Bank of Thailand (BOT) is currently working on a regulatory framework for stablecoins. Thailand Bans Baht-Pegged Stablecoin The Bank of Thailand, the country’s central bank, issued a press release Wednesday declaring a stablecoin called … Read more

Indian Government Reconsiders Banning Cryptocurrency: Report

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The Indian government is reportedly reconsidering a plan to ban cryptocurrency and the finance ministry has initiated related inter-ministerial consultations. The move is supposedly spurred by the supreme court quashing the banking ban imposed by the central bank, the Reserve Bank of India (RBI). India’s Plan to Ban Crypto Reportedly Rekindled The plan to ban … Read more