Bank of Thailand bans banks and financial institutions from trading in cryptocurrencies

Dhwani Mehta FXStreet

Bank of Thailand, Thailand’s central bank, issued a circular today, introducing the regulations on cryptocurrencies.

Key Headlines:

All banks and financial institutions are prohibited from investing and trading in cryptocurrencies. Institutions are also barred from:

Offering cryptocurrency exchange.
Creating a platform for cryptocurrency trading.
Allowing use of credit cards in investing in cryptocurrencies.
Advising clients for investing or trading cryptocurrencies.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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