The Bank of Thailand (BOT), the country’s central bank, is preparing a fresh set of rules that will bring stablecoins, Buy Now Pay Later (BNPL) services and large gold purchases under closer supervision, marking a significant widening of its regulatory reach.

According to FinTech Singapore, Governor Witai Rattanakorn set out five measures that the central bank intends to roll out between November 2026 and March 2027.

Alongside the rules for stablecoins and BNPL, the package includes lower fees for credit bureau enquiries and stricter supervision of money changers. Gold dealers will face restrictions on cash payments above THB 10m.

The BOT also intends to step up its monitoring of non-bank lenders, payment firms, foreign exchange operators and asset management companies, citing their growing scale and increasingly complex operations.

The new proposals build on 18 measures the central bank has introduced over the past 12 months, which targeted household debt, SME funding, consumer protection and illicit finance.

Among these, the BOT imposed tighter controls on cash transactions of THB 5m or above, and it reports that the value of cash withdrawals has since fallen by more than 57% against January 2026 levels. A requirement to report physical gold withdrawals of over two kilograms in a single day was accompanied by a drop of more than 85%. Fee reductions across 19 financial services could also save consumers and businesses as much as THB 8bn each year.

On household debt, a relief scheme run with Sukhumvit Asset Management now covers more than 182,000 non-performing loan accounts, close to its goal of 200,000 for the year.

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