Thailand Moves Closer To Launching A 1:1 Baht-Pegged Stablecoin Under Central Bank Oversight
Thailand's central bank plans to introduce a fully backed baht-pegged stablecoin, initially for use by financial institutions in payment settlements. Authorities are also tightening rules on foreign currency payments and speculative forex activities, warning of fines, licence revocations and prison sentences for violations.
Anais