Market

Former director of BOT Thailand predicts that a crypto bubble will emerge in March

Former Central Bank of Thailand (BOT) governor Anusorn Thammajai has warned that the crypto market will collapse in a few months, nation Messages on Sunday (February 6th).

“Cryptocurrency bubbles will occur in late March when liquidity in financial markets dwindles due to central bank quantitative tightening and interest rate hikes.”

Anusorn Thammajai – Former Director of the Bank of Thailand

Thammajai noted that the first wave of the crypto bubble is over and many cryptocurrencies have lost more than 40% of their value as investors switch to less volatile assets.

The former BOT director added that while cryptocurrencies help create a financial ecosystem in the digital ec onomy, they also pose risks to economic and financial systems. He also warned investors holding risky assets to exercise extreme caution in the second quarter of this year.

In addition, the former director also backed the Thai government’s plan to tax transactions and tighten crypto regulation. He found illegal companies using them for money laundering and other illegal financial purposes.

Meanwhile, Thailand recently eased crypto tax regulations, scrapping a previously planned 15% excess tax. In January, the BOT, the Securities and Exchange Commission of Thailand (SEC) and the country’s Ministry of Finance (MOF) announced that cryptocurrencies would be regulated as a means of payment.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Bitcoin Spot ETF Outflows Reach Second Highest in History

Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…

3 hours ago

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

6 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

8 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

9 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

12 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

15 hours ago

This website uses cookies.