You Won’t Believe What Thailand Did to Become a Crypto Powerhouse! 🤯

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Ah, the land of smiles and now, the land of crypto! 🇹🇭 Thailand, in a move that would make even the most jaded Gogol character chuckle, has appointed two crypto luminaries as advisors to its financial center. 😏

The Thailand International Digital Business & Finance Center, a name that rolls off the tongue like a bad pun, has tapped the co-founder of Movement Labs, Rushi Manche, and the founder of Dao5, Tekin Salimi, to guide them on their quest to become a regional blockchain hub. 🤖

According to the director of this illustrious center, Wai Man Raymond Chu, the inclusion of these two crypto gurus will “foster growth and support for Thailand’s crypto and blockchain endeavors.” 🤑 One can only imagine the kind of hijinks these two will get up to, as they navigate the bureaucratic maze of Thai government operations. 🙃

But wait, there’s more! Apparently, Manche’s experience in blockchain security and smart contract programming will be used to “advance the financial ecosystem in Thailand and ensure it can protect itself against cyber security threats.” 🔒 Because what’s a crypto hub without a healthy dose of digital paranoia? 😱

And the cherry on top? The TDIC hopes that Manche’s recent developments from his collaboration with Elon Musk’s Department of Government Efficiency or DOGE (DOGE) will help “reduce costs and increase transparency within Thai government operations.” 🤖 Because who doesn’t love a good ol’ dose of Musk-inspired chaos? 🤯

So, buckle up, folks, because Thailand is about to become the crypto capital of Southeast Asia, or at least the land of the most entertaining financial experiments. 🤡 Gogol would be proud. 😂

Thailand’s quest to advance its crypto hub

TDIC’s mission is to transform Thailand into a “leader in blockchain innovation” which it hopes will end up attracting new businesses, create job openings and bring about financial inclusion in the region.

In recent months, Thailand has been considering a number of pro-crypto initiatives in order to advance its financial sector. On Feb. 3, the Thai Securities and Exchange Commission announced it is developing a DLT-based trading platform, which would allow securities firms to take part in digital token markets.

Thailand’s former Prime Minister, Thaksin Shinawatra, has long been an advocate of cryptocurrency, encouraging the government to take on a more pro-crypto approach and introducing a plan to launch a crypto sandbox in Phuket. 🏝️

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2025-02-06 13:20