Keep up with the stocks – The trend against the use of Crypto Currency from the Bank of Thailand announced that “The Bank of Thailand does not support the use of digital assets for payment of goods and services due to 1. High volatility 2. Risk of cyber theft 3. May be used as a money laundering tool
This is believed to be a result of the recent trend of different companies in listed companies. And outside the market began to market and accept the use of Crypto Currency such as Bitcoin, Etheruem to buy goods and services, such as Major, get coins to buy movie tickets or BCP, get coins to exchange for drinks, Inthanin, etc.
Assess that currently listed companies in Thailand are engaged in Crypto currency-related businesses, divided into 4 types, namely ICO portal, payment for goods and services, investment in Crypto currency, and Bitcoin Mining, as shown in the picture.
The ASP Research Department assesses whether the announcement from the BOT will affect or create a negative sentiment on listed companies that operate type 1 business. is the ICO portal such as KBANK, SCB, XPG, CGH, etc., because it may cause obstacles in the process of issuing coins or tokens in the market, etc. The second type of companies is those who accept coins for payment of goods, such as SIRI ANAN ORI MJD Group. Media such as MAJOR are not expected to be affected. This is because consumers are still a significant minority who use coins to trade goods and services. As for business type 3-4, it is not expected to be affected at all because it is not related.
