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The flipside of stablecoins

The flipside of stablecoins
The flipside of stablecoins
The central bank banned privately developed baht-based stablecoins, yet indicated interest in developing its own coin in the future
published :
19 Apr 2021 at 04:30
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Stablecoins are a new class of cryptocurrencies pegged to traditional financial assets such as fiat currencies, offering crypto traders safe harbour in a market characterised by volatility.
Thailand knows the risks of pegging currencies, given its attempt to tie the baht to the US dollar, which spurred the 1997 Asian financial crisis. The Bank of Thailand has already banned the use of a privately developed baht-based stablecoin before it could be publicly bought or sold, fearing it could destabilise the currency, yet it also indicated interest in developing its own coin in the future. ....

United Kingdom , Tanwa Arpornthip , Paiboon Nalinthrangkurn , Poramin Insom , Kavin Phongpandecha , Kannithi Tongtanagoon , Block Research , Satang Pro Corporation , Federation Of Thai Capital Market Organizations , Business Prototype Development , Thai Baht Digital , Songkla University , Thai Capital Market Organizations , ஒன்றுபட்டது கிஂக்டம் , தொகுதி ஆராய்ச்சி , சதாங் ப்ரொ நிறுவனம் , கூட்டமைப்பு ஆஃப் தாய் மூலதனம் சந்தை ஆர்கநைஸேஶந்ஸ் , வணிக ப்ரோடடைப் வளர்ச்சி , தாய் பாட் டிஜிட்டல் , தாய் மூலதனம் சந்தை ஆர்கநைஸேஶந்ஸ் ,

Cryptocurrencies' total market cap soars to B4bn

Cryptocurrencies total market cap soars to B4bn
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Digital exchanges enjoy rapid surge
published :
11 Jan 2021 at 04:30
2
Cryptocurrencies total market capitalisation in Thailand soared to nearly 4 billion baht on Friday, or around 6% of the Stock Exchange of Thailand s (SET) 2020 daily average trade, backed by the continuous price surges of bitcoin and other digital currencies.
Bitcoin s euphoric rally endured as it topped 1.24 million baht or US$40,000 on Friday, while ethereum soared, reaching an all-time high of 39,168 baht.
According to data from the Securities and Exchange Commission (SEC), bitcoin s average trading volume surged from 460 million baht during Dec 22-27 to over 553 million during Dec 28-Jan 2. ....

Jirayut Sruptsrisopa , Paolo Ardoino , Poramin Insom , Palakorn Yodchomyan , Exchange Commission , Satang Pro Corporation , Stock Exchange Of Thailand , Stock Exchange , பரிமாற்றம் தரகு , சதாங் ப்ரொ நிறுவனம் , ஸ்டாக் பரிமாற்றம் ஆஃப் தாய்லாந்து , ஸ்டாக் பரிமாற்றம் ,