Thailand to Ban Use of Digital Assets as Payment from April

Thailand’s market regulator announced that the use of digit assets to pay for goods and services would be banned from April 1, according to a report from Reuters.

The new rule was issued following an earlier discussion between the Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT). The SEC said that the debate stated the need to regulate such activity by digital asset business operators as it could undermine and impact Thailand’s financial stability and the overall economy.
The SEC also announced that the new rules must be complied with by businesses that provide such crypto …

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