The Bank of Thailand, or BoT, is upping its game on the stablecoin front. This week, the institution warned citizens that Thai Baht Digital (THT), a baht-pegged stablecoin issued by the South Korean firm Terra, has no legal assurances or protection and violates the country's currency act.
According to a report published on Friday, central bank Assistant Governor Siritida Panomwon Na Ayudhya told a briefing that the BoT is taking into consideration opinions from market regulators and participants before introducing its measures.
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