Thailand continues with its rather controversial relationship with the cryptocurrency industry by implementing a ban on using such assets as a means of payment. The nation warned that they could threaten its financial system and economy.
The reports from earlier on March 23rd, citing the local watchdog, inform that cryptocurrency exchanges and other companies from the industry must stop providing digital asset payment services as of April 1st.
The ban also prohibits them from promoting the use of cryptocurrencies as a payment method for goods and services.
As mentioned above, the new rule will come into effect at the start of next month. However, local businesses will have until the end of it to comply with the new regulations.
This comes after enhanced speculations and internal discussions about the country’s possible approach to the crypto industry.
Previous reports claimed that Thailand will implement comprehensive regulations as of this year. Additionally, the nation dabbled wit
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