Thailand moves to ‘ring-fence’ its banks from crypto risks

The Bank of Thailand (BoT) on Wednesday said banks should limit their investment in digital-assets business, including crypto exchanges, to 3% of their capital.Any investment made in the industry should be through units to shield the confidence of depositors and the banking system, it said.

BANGKOK: Thailand, which has banned the use of cryptocurrencies for payments, will restrict the role of commercial banks in the digital-assets business to protect them from unforeseen risks, a central bank official says.

The Bank of Thailand (BoT) on Wednesday said banks should limit their investment in digital-assets business, including crypto exchanges, to 3% of their capital.