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Thailand to bar use of digital assets for payments for goods, services from April

14 Sept 09:49 Key points summarised by AI

Thailand's Securities and Exchange Commission (SEC) will ban the use of digital assets for payments of goods and services, with regulations taking effect on April 1st.
The new rules aim to prevent cybercrime, money laundering, data leaks, and potential threats to financial stability and the economic system.
Digital asset operators are prohibited from providing services or promoting the use of digital assets as payment, and must ensure compliance by the end of April.
Crucially, the regulations do not affect the use of digital assets for investment purposes, focusing solely on transactions for goods and services.

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.