BOT Aim Study “Libra” With FB Soon.
6-7-2019 — Yestetday, Ms. Sirithida Phanomwan Na Ayudhya, Assistant Governor Policy, payment system and financial technology Bank of Thailand unveiled that BOT set up a working group and will contact Facebook soon to study Libra’s mechanism and ready to discuss related agencies.
Currently, the BOT has set up a working group to study the stable coin – Libra in particular, the working group has discussed with the relevant government agencies such as the SEC and other central banks closely, because the BOT considers Libra as a global issue, which each country must discuss.
BOT will contact Facebook to discuss soon to see the clarity of Libra various mechanisms, including guidelines for supervision of various countries.
“BOT understands the efforts of Facebook to resolve the pain points on international payment systems and international money transfers, to increase the opportunity for people around the world to access financial services easier and helps reduce transaction costs. “
“Anyway, we must also as well consider in other dimensions, such as; the stability of Libra value, various financial mechanisms, including caring for people who might be deceived byinvesting.
Therefore, BOT urged people to study and understand before investing and do not believe if someone persuate to invest “said Ms.Siritida.
