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Thailand to Ban Crypto Payments, Citing Threat – Bangkok Post

Business operators must not provide crypto payment services and are barred from acting in a manner that promotes the use of digital assets


Thailand street
Business operators -including crypto exchanges - must not provide crypto payment services. Photo: Reuters

 

Thailand’s government will bar the use of cryptocurrencies as a means of payment for goods and services, saying the wider use of digital assets threatens the nation’s financial system and economy, the Bangkok Post reported, adding the new regulation won’t affect trading or investments.

Business operators – including crypto exchanges – must not provide such payment services, and are barred from acting in a manner that promotes the use of digital assets to pay for goods or services, the Securities and Exchange Commission said in a statement on Wednesday.

Read the full report: Bangkok Post

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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