Bank of Thailand tells commercial banks not to offer crypto trading

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Bank of Thailand tells commercial banks not to offer crypto trading

  • The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets.
  • 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 announced that it was acquiring a 51% stake in the country’s largest crypto exchange, Bitkub.

[Via]

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