49分鐘前
Bank of Thailand outlines 1:1 baht-backed stablecoin plan, flags QR payment enforcement
On June 30, Bank of Thailand Governor Vitai Ratanakorn said the central bank will consult the public on a proposed stablecoin that must be fully backed 1:1 with Thai baht reserves, with a first-phase rollout limited to financial institutions for settlement. Regulators also suspended about 5,000 Alipay and Wechat Pay accounts tied to peer-to-peer yuan QR transfers between February 2025 and May 2026, while warning of penalties under the 1942 Exchange Control Act and a 1984 emergency decree for speculative retail forex activity.