Key Takeaways Bank of Thailand plans to hold public hearings by late 2026 for a 1:1 baht-backed stablecoin. Regulators suspended 5,000 Alipay and Wechat Pay accounts to curb unauthorized yuan QR transfers. Speculative retail forex operations will face stiff fines under Thailand’s 1942 Exchange Control Act. Baht-Pegged Stablecoin Framework The Bank of Thailand plans to introduce a stablecoin pegged to the national currency as part of an initiative to support financial innovation, central bank Governor Vitai Ratanakorn announced June 30. Speaking at a financial conference hosted by efinanceThai, Ratanakorn said the central bank will hold a public hearing on the …
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Circle shares fell sharply after CRCL was removed from several Russell Growth indexes and a new stablecoin rival entered the market. Summary Circle left multiple …
Guo Wengui, the self-exiled Chinese billionaire also known as Miles Guo, was sentenced to 30 years in US federal prison on June 29, 2026, for …
