World

Thailand plans to draft a law to regulate cryptocurrencies

Published March 13, 2018 Updated March 13, 2018 09:54am

It has instructed the Office of the Council of State to look into the matter and submit a draft to the cabinet next week, Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak, told reporters.

Last month, the central bank said it had asked financial institutions not to get involved in cryptocurrency transactions.

Copyright Reuters, 2018