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24.12 - 10:34
Thai Central Bank Urges Less Engagement With Crypto, Other Sectors See Otherwise Instead
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blockchain.newsDue to the volatile nature and potential risks to the financial and payment stability of cryptocurrencies, the Bank of Thailand (BOT) has urged commercial banks to stay away from trading with digital assets, Bloomberg reported.
BOT Senior Director Chayawadee Chai-Anant advised commercial banks to focus on safety at a press briefing, stating «they (banks) are responsible for the deposits of the people».
The central bank has been a firm challenger against decentralized digital assets as means of payment for goods and services which works under a blockchain system.
Chayawadee's comments come after Thai banks have stepped activity related to digital assets as they have started to gain popularity globally.
Siam Commercial Bank last month
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