Sword of regulatory curbs hangs over cryptocurrency investors

15 Sept 15:08 Key points summarised by AI

Thai regulators, led by the Bank of Thailand (BOT), are set to impose strict curbs on cryptocurrency, specifically opposing its use as a payment method due to financial stability and consumer protection concerns.
The BOT's firm stance challenges businesses, including major digital asset exchanges and retailers, that have begun accepting crypto payments, asserting the Thai baht's exclusive role as legal tender under the Currency Act.
Potential regulatory bans could significantly impact cryptocurrency's value, popularity, and major investment deals, prompting caution among financial institutions like Kasikornbank.
This move aligns with several global central banks restricting crypto payments, contrasting with a few nations exploring stablecoin regulation or adopting Bitcoin as legal tender.

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

Today 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.