An official from the Chinese central bank, People’s Bank of China (PBoC), has said a “completely anonymous central bank digital currency (CBDC) is not an option” based on international consensus. Mu Changchun, the head of the PBoCs Digital Currency Research Institute, said in a forum on Saturday that the so-called “controllable anonymity” is at the […]
Thai’s BOT, the Bank of Thailand, published guidance with new details on the plans for the digital baht so let’s see what it had to say in our latest cryptocurrency news. Thai’s BOT splits stablecoins into baht-backed and others so there’s more room to influence the policy-making for the crypto industry in the country as […]
The Bank of Thailand (BOT) is set to draft regulations on stablecoins by the end of 2021. This comes following growing criticism from financial regulations regarding unlicensed stablecoins issued by private companies. Thailand Consulting With Stakeholders on Stablecoins Regulation This latest development was revealed by the Central Bank’s assistant governor, Siritida Panomwon Na Ayudhya onRead More
The Bank of Japan (BOJ) is set to begin experimenting with its central bank digital currency (CBDC) later this year. In the past, the central bank had said that it doesn’t intend to issue a digital yen, claiming that Japan’s digital payments are sufficient currently. Speaking at a recent news conference in Tokyo, BOJ Governor […]
The growth of cryptocurrencies over the past couple of years has pushed many countries towards stricter regulations, while some have moved to ban the asset class altogether. Thailand is one of the for
After issuing a warning against a Baht-pegged stablecoin produced by a South Korea-based firm, Thailand plans to introduce a series of regulations for stablecoins in 2021.