$ 102,926.8
$ 2,212.00
$ 0.7603
$ 627.15
$ 162.58
Dec 14, 2021
Thai Central Bank to Draw ‘Red-Lines’ on Cryptos as Frenzy Grows
According to the central bank, Thailand wants to release precise guidelines for digital assets in order to reduce risks to the financial system and give more investor protection as more individuals get interested in cryptocurrencies.
Governor Sethaput Suthiwartnarueput said in an interview that the Bank of Thailand will release a consultation paper on "Financial Landscape" in January to seek consensus on red lines for people working in the domains of digital currencies, green finance, and related topics. According to him, the laws will aim to foster technological innovation, financial inclusion, and the management of systemic risks.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Prabhjeet Bhatla is a cryptocurrency writer covering startups and a researcher since 2020. She has authored many articles for Entrepreneur India and APAC (digital and print) on cryptocurrency and ever-evolving Blockchain, the technology behind Bitcoin, and other cryptocurrencies. She specializes in applied cryptography, privacy-enhanced information storage systems, anonymous cryptocurrencies, elliptic curve crypto-systems, and satellite television piracy.