Bank of Thailand to Discuss Libra's Future with Facebook
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Main page News, Fintech, Banking, Facebook, Thailand, Regulations, Crypto Market, Cryptocurrency, Stablecoins
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6 July
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The central bank of Thailand, the Bank of Thailand (BoT), will hold a meeting with Facebook to discuss the future of social media's Libra stablecoin, the Bangkok Post reports.

Siritida Panomwon Na Ayudhya, Assistant Governor for Payment Systems Policy, claims Facebook has requested the discussion with the central bank because Thailand has over 50 million registered users on this social media.

The financial regulator has reportedly set up a team of representatives from several units, including payment, foreign exchange and legal for the upcoming meeting.

Previously iHodl reported that Facebook's future stablecoin could face problems in India, since, at the moment, the social network has not requested any authorization from any Indian regulatory authority.

Earlier this year, Thailand's regulator, the Securities and Exchange Commission (SEC) of Thailand, expanded its list of cryptocurrencies allowed for ICOs and trading in the country.

The only approved digital assets so far were ethereum, bitcoin, ripple and stellar. The updated list now includes 7 cryptos in total: the above-mentioned as well as the newly added ethereum classic, litecoin and bitcoin cash.

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