The Bank of Thailand (BoT) says firms soliciting “digital assets such as bitcoin and ether as payment for goods and services” are cruising for a bruising.
The central bank said Thursday it will coordinate with Thailand’s Securities and Exchange Commission to mitigate associated risks to the country’s financial system should crypto payments become widespread.
Siritida Panomwon Na Ayudhya, the bank’s assistant governor of payment systems policy, said the BoT is continuously monitoring the development of digital assets and stressed that crypto is not a legal tender in Thailand.
