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

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Thai Central Bank Declares Baht-Pegged Stablecoin Illegal in Violation of Currency LawThailand’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 […]

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