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ARTICLE · 11 NOVEMBER 2026

Bank Of Thailand Proposes Licensing Framework For THB Stablecoins

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The Bank of Thailand (BOT) published a consultation paper on October 19, 2026, setting out proposed regulations for THB stablecoin-related businesses under the Payment Systems Act B.E. 2560 (2017). A THB stablecoin is a form of tokenized money denominated in Thai baht at a 1:1 ratio and fully backed by reserve assets (i.e., bank deposits during the initial phase).

ThailandFinance and Banking
Athistha (Nop) Chitranukroh
Athistha (Nop) Chitranukroh
Kulphassorn Sosakulwattan
Kulphassorn Sosakulwattan
Karnravee Jitvilai
Karnravee Jitvilai
Oranat Taechaubol
Oranat Taechaubol
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Thailand’s central bank has proposed a licensing framework for Thai baht-denominated stablecoins, with a public consultation period open until November 17, 2026.

The Bank of Thailand (BOT) published a consultation paper on October 19, 2026, setting out proposed regulations for THB stablecoin-related businesses under the Payment Systems Act B.E. 2560 (2017). A THB stablecoin is a form of tokenized money denominated in Thai baht at a 1:1 ratio and fully backed by reserve assets (i.e., bank deposits during the initial phase). Under the proposal, issuers (businesses acting as THB stablecoin issuers) and wallet providers (businesses providing THB stablecoin wallets and related services) would need to obtain a license before commencing operations.

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