The Bank of Thailand plans to formulate regulations for stablecoin regulation this year

The Bank of Thailand is expected to issue regulations on stablecoins this year. Before announcing the regulations, the central bank is collecting opinions from market regulators and participants. These regulatory rules do not cover cryptocurrencies such as Bitcoin or Ethereum. Earlier news, the Bank of Thailand has issued a severe warning on the THT, a stable currency pegged to the Thai baht issued by Terra.