Share this article
Thai Central Bank to Regulate Stablecoins This Year
The central bank warned a Thai baht-denominated stablecoin is a threat to the stability of the currency system.
Updated Sep 14, 2021, 12:29 p.m. Published Mar 19, 2021, 11:14 a.m.
Thailand’s central bank said it will issue regulations on asset-backed stablecoins this year after warning against the illegal use of a new baht-denominated stablecoin that was created outside the country.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The bank’s assistant governor said Friday there are plans to regulate asset-backed stablecoins only, not bitcoin, according to a Reuters report.
- “The central bank is receiving opinions from market regulators and participants before announcing regulations,” Siritida Panomwon Na Ayudhya, assistant governor of Payment systems policy and financial technology group, Bank of Thailand, said at a briefing.
- Siritida stressed the new regulations will not cover those cryptocurrencies without asset backing such as bitcoin and ethereum adding that “investors will have to take their own risks.”
- On Wednesday, the Bank of Thailand warned against the use of the Thai baht-denominated stablecoin (THT), labeling it a threat to the stability of the national currency system.
- The bank said the general public needs to exercise caution and refrain from participating in any activity involving THT, alleging users could be at risk of cybertheft and money laundering.
- The baht stablecoin is created on the South Korean stablecoin platform Terra.
Read more: Thai SEC Backtracks on Unpopular Proposal for New Crypto Investor Qualifications
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Altcoins outpace bitcoin as precious metals' historic rally keeps macro focus sharp
Altcoins posted broader gains in quiet Sunday trading as bitcoin held a tight range near $88K and analysts weighed crypto against the surge in precious metals.
What to know:
- XRP, dogecoin and solana outperformed bitcoin and ether over the past 24 hours in thin weekend trading.
- Analysts said bitcoin remains range-bound between roughly $86,500 and $90,000.
- Glassnode flagged spot price sitting near one on-chain mean while remaining well below short-term holders’ cost basis.
Top Stories
