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BOT Warns against Usage of Thai Baht Digital (THT)

Thai Baht coins

Thai Baht coins. Photo: anan2523 (Pixabay).


BANGKOK (NNT) – The Bank of Thailand is warning people to refrain from participating in any activities involving Thai Baht Digital (THT), as there are no legal assurances or protection with it and users could be at risk of cyber-theft or money laundering.

BOT assistant governor Pruettipong Srimachand said any activities involving the new stablecoin THT that was created abroad on the Terra platform are considered illegal. The creation, issuance, usage or circulation of any material or token for money is a violation of Section 9 of the Currency Act 1958.

Full story: National News Bureau of Thailand

Reporter: Paphamon Arayasukawat
National News Bureau of Thailand