Thailand readies stablecoin laws initially limited to institutions
Vitai Ratanakorn, Governor of the Bank of Thailand, said during a speech that the central bank is developing rules for Thai Baht stablecoins, and expects to hold a hearing on the topic later this year.
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Governor Vitai Ratanakorn plans a hearing later in 2026 and would restrict baht stablecoins to institutional settlement first, in a country that suspended roughly 5,000 Alipay and WeChat Pay users over cross-border yuan transfers.
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