Thailand Bans Use of Cryptocurrencies as a Method of Payment (2)

Thailand will bar the use of cryptocurrencies as a means of payments for goods and services, saying the wider use of digital assets threatens the nation’s financial system and economy.

Business operators -- including crypto exchanges -- must not provide such payment services, and are barred from acting in a manner that promotes the use of digital assets to pay for goods or services, the Securities and Exchange Commission said in a statement on Wednesday. However, the new regulation won’t affect trading or investments in digital assets, the agency said.

While the restrictions on the use of digital currencies for ...