Predee Daochai, chairman of the Thai Bankers Association, said banks will comply with the central bank's request to avoid cryptocurrency activity. Most importantly, digital currencies are not legal tender, while financial institutions and consumers do not have enough knowledge and expertise in virtual currencies. "The central bank did not impede our ICO plan," he said. "From the meeting we understood that the central bank is concerned about cryptocurrencies whose issuers cannot be identified." The central bank has not halted transactions by digital coin holders via financial institutions, as this would affect the entire ICO ecosystem.

Source: Bangkok Post February 13, 2018 22:07 UTC