Thailand to characterize ‘red lines’ for crypto in mid 2022

December 16, 2021

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“Digital forms of money can’t turn into a method for installment,” Bank of Thailand lead representative Sethaput Suthiwartnarueput expressed.


The public authority of Thailand is setting up another administrative structure for digital currencies like Bitcoin (BTC) to limit hazards and further develop financial backer security.


The Bank of Thailand (BoT) will deliver an interview paper in January that will characterize “red lines” for the crypto business, lead representative Sethaput Suthiwartnarueput said in a Dec. 14 meeting with The Bangkok Post.


“We need to guarantee that we find some kind of harmony between permitting monetary development and overseeing chances,” the authority expressed. The new standards will give sufficient protections to shoppers as “chances are undervalued” at present, Sethaput said.

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