Today news
About the same in other media
24.12 - 10:34
Central bank tells Thai banks not to offer crypto trading
Reading now: 599
The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets.
The edict came from central bank senior director Chayawadee Chai-Anant on Dec. 7 who cited risks associated with high price volatility.
The latest round of central bank suppression of digital assets comes at a time when commercial banks have been making investments in local cryptocurrency exchanges, according to a Bangkok Post report.
In early November, Thailand’s oldest bank Siam Commercial Bank (SCB) announced that it was acquiring a 51% stake in the country’s largest crypto exchange, Bitkub. In late August, the Zipmex crypto exchange raised $1.3 billion in funding from the country's fifth-largest lender, Bank of
Read more on cointelegraph.comAbout this in other media
Inflation Is the Biggest Test Yet for Central Bank Independence cryptonews.com /2 years ago
Kazakhstan's central bank reports results on CBDC pilot project cointelegraph.com /2 years ago
IMF chief economist calls for global policy on cryptocurrency cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
