Thai Central Bank warns against use of cryptocurrencies in transactions

14 Sept 03:50 Key points summarised by AI

The Bank of Thailand (BoT) advises against using digital assets for payments due to extreme price volatility and significant risks, including cyber-theft, personal data leakage, and money laundering.
The central bank warns that widespread adoption of cryptocurrencies for transactions could destabilize payment systems, financial stability, and compromise consumer protection.
The BoT, in collaboration with the Securities and Exchange Commission, is developing new guidelines to regulate the increasing use of digital assets for purchasing goods and services.
Despite the warnings, some Thai businesses, such as a number of Inthanin Coffee branches, have already begun accepting cryptocurrency payments, offering convenience to early adopters while others remain wary of security concerns.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.