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    TCCC   TH0267010Z05

THAI CENTRAL CHEMICAL PUBLIC COMPANY LIMITED

(TCCC)
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Thai Central Chemical : bank warns against using digital assets for payments

07/08/2021 | 08:18am EDT
FILE PHOTO: Thailand's central bank is seen at the Bank of Thailand in Bangkok

BANGKOK (Reuters) - Thailand's central bank on Thursday warned against using digital assets such as Bitcoin and Ether as payment for goods and services given what it said were risks such as cyber theft and money laundering.

The Bank of Thailand (BOT) had made it clear that digital assets were not legal tender, it said in a statement. (https://bit.ly/3xlrmVP)

Recently some enterprises had started soliciting payments in digital assets in exchange for goods and services, the BOT said, adding it had continuously monitored such developments.

In using digital assets as a means of payment, both the payer and receiver could face risks such as price volatility, cyber theft, and money laundering, it said.

"The BOT does not support the usage of digital assets as a means of payment for goods and services, a view that is consistent with many international organizations and regulators," it added.

However, should the use of digital assets for payments become widespread, the BOT said it would coordinate with the Securities and Exchange Commission and relevant agencies to take measures to ensure such actions did not pose risks to the public or the economic and financial system.

(Reporting by Orathai Sriring; Editing by Ed Davies)


ę Reuters 2021
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Financials
Sales 2020 9 434 M 284 M 284 M
Net income 2020 1 472 M 44,3 M 44,3 M
Net cash 2020 7 172 M 216 M 216 M
P/E ratio 2020 10,8x
Yield 2020 6,61%
Capitalization 21 342 M 642 M 643 M
EV / Sales 2019 0,67x
EV / Sales 2020 0,93x
Nbr of Employees -
Free-Float 4,58%
Chart THAI CENTRAL CHEMICAL PUBLIC COMPANY LIMITED
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Thai Central Chemical Public Company Limited Technical Analysis Chart | TCCC | TH0267010Z05 | MarketScreener
Income Statement Evolution
Managers and Directors
Takahiro Yamashita President, Chief Executive Officer & Director
Takayuki Tohei Chief Financial Officer, Director & EVP
Koji Izutani Chairman
Watchara Pingsuthiwong Senior VP-Marketing, Research & Development
Kritch Katchapanan General Manager-Information Technology