Friday, July 1

Thailand’s central bank tells local banks not to directly engage in crypto trading By CoinTelegraph

© Reuters. Thailand’s central bank tells local banks not to directly engage in crypto-asset trading

The Bank of Thailand has stated that it does not want commercial banks to be directly involved in trading crypto assets.

On December 7, the chief director of the central bank, Chayawadee Chai-Anant, gave the order not to participate in crypto-asset trading, citing the risks associated with high price volatility.

“We don’t want banks to be directly involved in trading digital assets because banks are (responsible) for customer and public deposits, and there is risk.”

The latest round of digital asset suppression by the central bank comes at a time when commercial banks have been making investments in local crypto exchanges, according to a report by the Bangkok Post.

Read the full article on Cointelegraph

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