BANGKOK — Thailand’s cabinet agreed Tuesday to draft a law to oversee cryptocurrency trading, seeking to tax the largely unregulated market.

Government spokesman Nathporn Chatusripitak said the Ministry of Finance also proposed the new regulations to help prevent use of digital currencies in money laundering and fraud.

He said details of the proposed regulations would be announced later this the month.

In February, Thailand’s central bank issued a circular asking financial institutions to not handle transactions involving cryptocurrencies.

Across Asia, governments have been belatedly moving to exert control over bitcoin exchanges and other fast-growing cryptocurrency-related activities.

Read or Post Comments
Related Stories
Latest Articles

Augusta and Waterville news

Get news and events from your towns in your inbox every Friday.
  • This field is for validation purposes and should be left unchanged.