The Bank of Thailand (BOT) on Monday said there was no need for alarm over a news report concerning its foreign reserves, explaining that that the valuation loss that had been made was the natural result of its responsibility for currency stability during a period of baht appreciation.

The Bank of Thailand (BOT) is asking financial institutions in the Kingdom not to do business related to cryptocurrency, Governor Veerathai Santiprabhob said in a statement released on Monday.