According to the Bangkok Post, the Central Bank of Thailand (ED regulator) has banned financial institutions in the kingdom from any transactions that relate to digital currencies
“Since last Monday, banks have been prohibited from changing, selling, creating trading platforms, as well as making cryptocurrency investments,” said the head of the Central Bank, Wirathai Santiprabob.
Moreover, banking institutions in Thailand are prohibited from recommending their clients to invest in digital currency.
Bank representatives commented on the introduction of the ban by saying that digital currencies can be used to finance terrorism or money laundering.
According to bangkokpost
You May Also Like
Main speaker of Swell by Ripple 2018 - Bill Clinton
The Swell by Ripple event, taking place in San Francisco, will continue today, October 2nd, and will begin at 7 am (UTC). President Bill Clinton is the keynote speaker for the event, scheduled to begin at 11 a.m., immediately following an opening speech from Ripple CEO Brad Garlinghouse.
AMF demands that Dominique Lacroix return the funds received during the ICO
Dominique Lacroix, one of the founders of the fraudulent ICO Plexcoin, paid out more than $3 million in Bitcoin according to a ruling by the Quebec Financial Markets Authority (AMF). The regulation is one of several created by North American authorities to combat fraudulent ICOs and other illegal cryptocurrency-related activities.
