WebBANGKOK -- Thailand on Wednesday issued a ban against payments using cryptocurrencies and other digital assets that will go into effect next month in a bid to maintain stability in … Web23 Mar 2024 · Thailand's SEC emphasized that it is only prohibiting the use of cryptocurrency for payments and not crypto trading or digital. Thailand's Securities and Exchange Commission said on Wednesday that it will prohibit the use of cryptocurrency as a form of payment beginning April 1. ...
Indonesia regulator says financial firms banned from facilitating ...
Web3 Apr 2024 · Thai crypto ban: Payments banned Even though Thailand is leading the world in the proportion of internet users owning cryptocurrencies (20.1% of Thais aged 16-64), the … Web14 Apr 2024 · 10-02-2024: Thailand is about to regulate the use of Crypto as payments. The Thai regulator announced on Wednesday that Thai citizens are no longer allowed to pay for goods and services via crypto as it’s going to object to the use of crypto to pay for products and services claiming that it would boost the country’s financial system and economy. ewings surname
Breaking: Thailand Bans Payments Through Crypto - CoinGape
Web23 Mar 2024 · Thailand bans crypto for payments but allows trading and investing. A growing interest in cryptos has been witnessed in Southeast Asian nations, including … Web23 Mar 2024 · Thailand’s securities regulator announced Wednesday that it is barring the use of cryptocurrencies for payment of goods and services. The ruling effective April 1 does not ban investment in cryptocurrencies, which has become increasingly popular in the past year after being promoted by local exchanges. The regulation also specifically bans the … Web23 Mar 2024 · According to the Bank of Thailand and the country’s SEC, a ban on crypto payments is necessary because it may affect the stability of the financial system and the overall economy. The pair state that the emergence of a unit of account or a pricing unit other than Thailand’s official currency, the Thai baht, will reduce the efficiency of … e wings solutions pvt ltd