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Bangkok Post
Bangkok Post
Business

MYSTERIOUS: Bot vows to continue with stablecoin plan - What They Never Told You

Vitai Ratanakorn Bank of Thailand Thailand Alipay

The Bank of Thailand is moving forward with plans to introduce a baht-pegged stablecoin as part of a push to support digital finance and innovation, says governor Vitai Ratanakorn.

Speaking at the "Capital with Purpose" conference hosted by efinanceThai, Mr Vitai said the central bank plans to hold a public hearing on the proposal by the end of the year and has outlined strict initial requirements for any stablecoin that would operate in the country.

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