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Thailand follows ASEAN peers applying cryptocurrency controls

Big corporates, trading platforms restricted as BoT limits crypto payments

There is plenty of interest in cryptocurrencies in Thailand -- a cafe in the northeast's Nakhon Ratchasima has dozens of screens to view movements and latest prices.   © Reuters

BANGKOK -- Thailand's central bank is falling in with its regional peers after announcing tougher regulation of cryptocurrencies and limiting their use for payments to ensure they can only be traded as assets on licensed platforms.

The move is expected to inhibit the booming Thai crypto market at a time when Bitcoin prices have crashed.

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