Thailand Joins Global Peers in Adding Controls on Digital Assets

Thailand is limiting the use of digital assets for payments of products and services on concern they could endanger the country’s financial and economic systems.

Regulators plan to use legal frameworks to control the widespread adoption of digital assets for settling transactions, the Bank of Thailand, Securities and Exchange Commission of Thailand and Ministry of Finance said in a joint statement on Tuesday. Authorities said they must balance the benefits, including the technologies they bring, with the potential hazards.