Bank of Thailand bans banks and financial institutions from trading in cryptocurrencies

Bank of Thailand, Thailand’s central bank, issued a circular today, introducing the regulations on cryptocurrencies.

Key Headlines:

All banks and financial institutions are prohibited from investing and trading in cryptocurrencies. Institutions are also barred from:

• Offering cryptocurrency exchange.
• Creating a platform for cryptocurrency trading.
• Allowing use of credit cards in investing in cryptocurrencies.
• Advising clients for investing or trading cryptocurrencies.