🇹🇭 Thailand is opening up about Stablecoin. Ready to move on Travel ⚠️. "What kind of promotion" is risky.

🇹🇭 Thailand is opening up about Stablecoin with Travel Rule.

⚠️, "What kind of promotion" risks breaking the law?

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🔥 Thailand is talking more about Stablecoin - Tokenized Money, RWA, Crypto Card, Wallet - to digital assets.

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❓ But there are two questions that people should know clearly.

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How 🔸 is Stablecoin used in Thailand?

🔸 review, advertising, what kind of promotion, illegal risk?

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💥 because the word "Thai Open to Stablecoin" does not mean that Stablecoin will be used or promoted in any form.

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❓ holds Stablecoin, but it doesn't mean it can be used as Means of Payment.

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Means of Payment in this context is the use of digital assets as a means of paying for goods and services.

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Which National Bank is now not open to Stablecoin like USDT or USDC, adopted as Means of Payment instead of direct baht in stores.

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So these two situations must be separated.

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🔹 We pay USDT → The store gets USDT.

🔹 We have USDT → USDT Conversion System to Baht → Shop Get Baht

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The user side may feel the same, but in the Means of Payment corner, these two are not the same.

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So when you see a Crypto Card or Wallet that says "Use Crypto to Pay," there are three questions to check.

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🔸 Finally, did the store get USDT or get a baht?

🔸 Who received the USDT to convert it into baht before reaching the store?

🔸 And what license is the intermediary carrier under?

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ℹ️ Another thing to know is that digital asset operators under the Direction cannot directly support or facilitate the use of krypto as Means of Payment.

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❓ DEA is not closing its doors, it is choosing what kind of Tokenized Money to open.

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On the other hand, national banks do not block or reject this technology.

Currently, Regulatory Sandbox is open to test some forms of Tokenized Money, such as

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🔹 Deposit Token

🔹 e-Money Token

🔹 Programmable Money

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But Stablecoin in particular is still under consideration, further supporting rules and frameworks.

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💥 Simply put, "The door is not closed, but it is not entirely open."

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❓ Why does Thailand have Stablecoin when PromptPay is good?

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This is a very important question. Thailand has PromptPay at

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🔸. Quick.

🔸 Low cost

🔸 Take it easy.

🔸. A lot of people already use it.

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So Stablecoin will actually be born not just because "technology does," but to answer that.

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💥 "What better to do than the original system we had?"

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💜 SCBX view that the key problem is Demand, right? What benefits do users have and whether the model is cost-effective?

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❓ first Use Case, probably born "behind the house of finance" before the general store.

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Use cases that are talked about rather than general shopping. There are both

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🔹 B2B Payment

🔹 Supply Chain Finance

🔹 Cross-country remittances

🔹 Settlement

🔹 Tokenized Asset

🔹 Real World Asset or RWA.

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For example, Programmable Money may help set automatic pay terms; or help businesses in the Supply Chain earn money faster.

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While growing Tokenized assets,

Like stocks, bonds or real estate, it may create demand for Tokenized Money to pay and deliver assets.

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💥 So Stablecoin may come in to change "behind the house of the financial system" before changing the way they shop in everyday life.

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❓ Bank of Thailand. What are the national banks worried about?

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National banks focus on 3 main matters.

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⚠️. Asset backed.

What's in that coin and how reliable?

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⚠️ AML or money laundering prevention.

How to prevent Stablecoin from becoming an illegal money-moving channel?

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⚠️. Stability and protection of the people.

If the issuing company has a problem, how are the users protected?

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💥 So the question is not just "Is Stablecoin convenient?"

But it must also be asked, "If there is a problem, who takes the risk?"

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❓ Travel Rule is coming.

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Another subject to keep an eye on is the Travel Rule for digital assets.

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The main idea is to give digital asset operators more information about the assignor and the recipient of the transaction to help verify it.

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🔸 Money laundering

🔸 Suspicious transaction.

🔸 Technological crime

🔸 Linking to a risky Wallet.

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⚠️ According to information at the Aug. 28 seminar, the SEC stated that the Travel Rule is in the process of preparing to be announced in the Gazette, and is expected to come into effect sometime in February 2027.

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💥 The image is not "Thailand is opening a free script."

It is "open to more innovation and make the money path more verifiable."

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❓ The president of the Thai Digital Assets Association views THB Stablecoin as the "survival" of the Thai Crypto business.

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Khun Nan Phra (Phi Gap), the president of the Thai Digital Asset Association, the Thai Digital Asset Association, saw that

THB Stablecoin could be a "survival" and help create a new Use Case for digital asset businesses in Thailand.

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The reason is that today business people like

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🔹 Exchange

🔹 Broker.

🔹 Dealer.

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Also rely mainly on earnings from trading fees, which go up and down according to market conditions.

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If in the future there is THB Stablecoin and actual use occurs,

The industry's revenue may not rely on just "top trade."

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But it can be connected to new financial services, tourism or use cases.

Another interesting approach is to draw foreign money into the Thai system.

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Tourists holding Stablecoin → redeem for baht → spend on shops in Thailand

This model has advantages in that

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🔸 Foreign money into the Thai system.

🔸 Transactions can enter the KYC process.

🔸 The store also receives baht.

🔸 There is no need to open Stablecoin directly to Means of Payment immediately.

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However, the Association itself sees Stablecoin's push to direct payments as a "long game" and takes time.

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So the question might have to be,

💥 "How can THB Stablecoin build a new business and draw money into Thailand?"

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⁉️ What about "promoting Stablecoin" in Thailand?

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This is another story that content makers, even the average person, should be careful!!

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Because "talking about Stablecoin" and "persuading Thais to use the service" are not the same thing.

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⚠️ must be separated between

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🔹 recount Stablecoin's principles.

🔹 Educate Crypto Card or Wallet

🔹 Share experience

🔹 Partnership or cooperation report

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⚠️ The following pattern needs to be checked more closely.

Especially when the destination is an unauthorized foreign carrier in Thailand.

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❗ Share Referral or Affiliate and receive benefits.

❗ get a Cashback or Commission from the use of someone who resumes the application.

❗ get paid to get people to apply or get paid to promote services.

❗ serves as a way to get Thai people to use foreign service providers.

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⚠️ Maybe guilty of persuasion.

It's not just KOL. The average person who enters the condition is considered risky.

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🔥 The SEC has warned that soliciting, assisting, representing, or providing a way for people in Thailand to access the services of unauthorized foreign digital asset operators may be legally liable, depending on the facts of each case.

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And after the amendment of the law in 2025, foreign providers of digital assets that are soliciting or advertising services to Thai people may be deemed to be providing services in Thailand and must obtain a license in accordance with Thai law.

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⚠️. Therefore, the claim

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"The company does not hire to do posts" does not mean "no benefit of promotion."

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If REF is shared, then receive a Cashback or Commission from the person who resumes the application.

💥 It's not just a casual statement, because there's a benefit to others following the service.

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⁉️ And having REF doesn't automatically mean illegal. Still have to see that.

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🔸 What kind of business is a carrier?

🔸 Do you need a license in Thailand?

🔸 Content is informative or persuasive.

🔸 What benefits do posters get from getting people into the service?

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🔥 Finally, Stablecoin in Thailand is actually opening up.

But openness comes with more detailed rules.

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What the servant should separate is

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❓ Stablecoin can do?

❓ How will the transaction be monitored?

❓ And how much can we promote that service to others?

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👥 if you have a friend who uses Stablecoin, Crypto Card, Crypto Wallet.

Or sharing the REF of a foreign Krypto service.

🔥 Share this article for him to read.

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⚠️ Because sometimes things look like just "take something and tell it."

👀 There may be a line of law closer than you think.

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📰 Thank you to the seminar "Stablecoin Strategy in the ASEAN Financial Forum."

From the Finance, Fiscal, Financial Institutions and Financial Markets Commission, the House of Representatives, Korn Jatikanich, Pee Tong, Pee Gap and Pee Boy very much.

Thank you to the SEC for providing knowledge from the Responsible Voices Finfluencer Model 3 project.

Thank you for the news from efinancethai.

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# Stablecoin # Krypto law # National Bank # Glat # CryptoSai