Bank of Thailand plans baht stablecoin rules for March 2027
· 50-word read
In 50 words
The Bank of Thailand plans to issue rules for a baht stablecoin in March 2027, officials said. It will also pause new money changer licences during 2027. Firms wanting to open one must apply between 1 and 30 Dec. Tougher licensing starts in 2028.
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Why it matters
Money changers will face higher standards tied to risk. Foreign residents and visitors could only hold the planned baht stablecoin in a verified Thai wallet, according to the rules the bank has outlined.
What's next
The bank's second public hearing on its stablecoin principle paper closes on 17 Nov, with another hearing to follow once the rules are drafted.
Key dates
- 1 NovBanks began extra checks on cash deposits and foreign currency trades of 5 million baht or more per day.
- 5 NovBank of Thailand assistant governor Pimpan Charoenkwan outlined the money changer licensing changes.
- 17 NovSecond hearing on the bank's stablecoin principle paper closes, as reported by Siam Blockchain.
- 1–30 DecWindow for firms wanting to open a money changer business in 2027 to apply under current rules.
- Mar 2027Bank of Thailand plans to issue baht stablecoin rules.
- 2028Licensing under tougher rules starts, with application windows in March and September.
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Sources
- ThaigerRead the original article →
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