Thailand's central bank proposes licensing regime for THB stablecoins
- —Issuers must hold 100% deposit backing spread across several banks and redeem 1:1 within one business day
- —Issuers and wallet providers would need licences under the 2017 Payment Systems Act
- —The number of issuers will be capped initially, while wallet providers face no limit
- —Requirements include KYC/AML checks, daily reserve disclosure and an annual external audit
Why it matters: The framework would give baht stablecoins a legal footing for payments and digital-asset settlement, though it has no immediate impact on major crypto prices.
Source: Siam Blockchain
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