Thailand’s SEC bans crypto payments


Thailand has banned cryptocurrency payments for goods and services, its Securities and Exchange Commission announced on March 23.

The Bank of Thailand and the SEC held discussions in the lead-up to the decision. The central bank and regulator deemed risks to financial stability, loss of value due to price volatility, data breaches and money laundering too high.

In a statement, the SEC said digital currencies posed risks because of their unregulated nature. It said they could also hinder

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account