BANGKOK (Reuters) – Thailand has issued guidelines to ban digital assets from getting used to pay for items and companies from April 1, the market regulator mentioned on Wednesday.
The transfer was in step with earlier discussions between the Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT) on a necessity to regulate such exercise by digital asset enterprise operators as it may affect the nation’s monetary stability and total economic system, the SEC mentioned in a press release.
Digital asset enterprise operators that present such companies should adjust to the brand new guidelines inside 30 days from the efficient date, it mentioned.
The BOT has mentioned repeatedly that it doesn’t assist cryptocurrencies as payments. It will maintain a briefing on regulatory pointers for banks’ digital asset enterprise in a while Wednesday.
In January, the regulator in Indonesia additionally warned monetary corporations not to supply and facilitate crypto gross sales, amid a growth in its utilization.
(Reporting by Orathai Sriring; Editing by Kanupriya Kapoor)
