# Thai Central Bank Plans Stablescoins Regulations This Year

By Coinness

Canonical URL: https://www.tokenpost.com/news/regulation/7580
Published: 2021-03-19T07:58:03.000Z
Updated: 2021-03-22T00:13:54.000Z
Section: Regulation

> Thailand’s central bank expects to issue regulations on asset-backed stablecoins this year, an assistant governor said on Friday (March 19), after warning against use of a new baht-denominated stablecoin that was crea…

Thailand’s central bank expects to issue regulations on asset-backed stablecoins this year, an assistant governor said on Friday (March 19), after warning against use of a new baht-denominated stablecoin that was created abroad.

“The central bank is receiving opinions from market regulators and participants before announcing regulations, Siritida Panomwon Na Ayudhya told a briefing.

The Bank of Thailand (BOT) will regulate foreign currency-backed stablecoins, asset-backed stablecoins, and algorithmic stablecoins that are not illegal, she said.