TronWeekly

Crypto World News

You are here: Home / Search for "thailand"

Search Results for: thailand

Huobi Thailand Receives Crypto Trading License from Thailand’s Finance Ministry

by

Huobi crypto exchange has achieved a new milestone. Thailand’s Finance Ministry has granted Digital Asset Trading License to Huobi’s subsidiary, Huobi Thailand exchange which makes it the country’s 5th exchange that received approval signal from the country’s finance ministry.

Huobi Thailand Becomes Incensed Exchange

Thailand is known to have quite favorable crypto regulations in contrast to countries that put the label of ban or strict policies for the crypto industry.

According to the latest report, with this new license, Huobi Thailand can now begin local fiat trading and crypto trading services across Thailand. Following the success of becoming a licensed crypto exchange, Sakda, head of Huobi Thailand states that;

Huobi Thailand will provide Thai users with secure and reliable digital asset trading services through Huobi Cloud’s verified technical capabilities.

Sakda further ensures that they’re keen to cooperate with the govt and local enterprises to explore Huobi Thailand. So far, Thailand Ministry has approved five crypto exchange, including Bitkub Online, Satang Corporation, a Digital Asset Broker, Bitcoin Exchange, and Huobi Thailand while it denied the application of three companies.

Our mission in Thailand is to provide Thai users with secure and reliable digital asset trading services through verified technical capabilities. We look forward to working with our partners in government and local enterprises, said Sakda.

Thailand and Crypto

Just to note, Thai SEC on May 2018 stated that every company operating the business involved in the digital asset must obtain the license from authorities. Existing companies can gain approval by applying for a permit within 90 days.

Upon submission, regulators will keenly scrutinize the sound management system, the background of the board and team members and ensure if the company contains cybersecurity check and other monitoring systems to analyze conflict of interest, etc.

As far as Huobi Thailand is concerned, it is said that Huobi Global plans to launch it in Q3 2019 while serving fiat to crypto and crypto-to-crypto trading. This arm is built on Huobi Group’s new product, Huobi Cloud, a platform that offers the construction of digital asset exchanges based on Huobi’s existing platform. Besides Thailand, the report surfaced in June states that Huobi Group expects to expand trading operations to Turkey with the crypto-fiat facility.

With more constructive approaches, Thailand is becoming the best spot for the crypto industry. Very recently, governor of Thailand’s central bank revealed that country’s regulators are also looking forward to Libra as they’re already in discussion with Facebook.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Thailand’s dental clinic now accepts Electroneum (ETN) for payments

by

Despite blockchain and cryptocurrency technology being praised for pioneering in the next generation of the virtual revolution, license and government concerns continue to hinder the widespread adoption of virtual currencies and its supporting technology. Electroneum is changing that.

So, while some lawmakers across the world such as those in the US, China, and India retort with preemptive bans and injunction, other countries are assuming a more progressive stance towards balancing legislation with consumers and investors safety.

At present, countries in the Southeast Asia region are leading the way in exploiting the potentials of virtual currency in their respective jurisdictions by issuing favorable legislation and regulations to open their doors to maximize the sizeable business and technological opportunities blockchain offers.

Blockchain and Cryptocurrency Regulatory Evolution in Thailand

Among the countries in the Southeast Asia region, Thailand is among the first countries that are opening its doors to crypto-related businesses, passing crypto laws to regulate the offering of virtual assets.

Since January 2018, Thailand continues to show strides in adopting a more liberal and progressive stance towards blockchain and cryptocurrency, having legalized the exchanging of 7 legitimate virtual currencies. Initially, these guidelines and regulations were meant to address issues surrounding security and fraud in this emerging technology while guiding initial Coin Offerings (ICOs) after a series of bad publicity that had rocked the industry.

With the emergence of new offerings in the virtual currency sphere, regulations continue to evolve, putting in place better-placed structures.

Thailand’s financial regulator, the Security, and Exchange Commission (SEC) consistently plays an active role in the development of country’s blockchain technology by adopting the latest innovations while also imposing stable guidelines.

Recently, Thailand made significant strides forward in the crypto market when SEC approved the licenses of 4-crypto exchange companies that permitted them to operate in the country. SEC also rejected the applications of two exchanges, on valid grounds of insufficient Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.

Thailand continues to lead the way for many other nations in the Southeast, and the greater Asia region on matters cryptocurrency and blockchain.

Traditional and Emerging Markets Embracing Blockchain and Cryptocurrency

As more and more markets, both traditional and emerging look towards blockchain and crypto as possible solutions to their socio-economic problems, it is becoming evident to many the benefits of the technology.

Cryptocurrency alternatives to fiat currencies are quickly becoming popular thanks to the many opportunities the emerging markets are offering, predominantly the capability to disrupt a widely cash-based economy to allow greater participation in the emerging virtual economy.

Considering Thailand and Southeast Asia has one of the highest rates of smartphone penetration internet accessibility, this region is primed to lead in the ongoing global digitalization transformation.

For instance, in early 2018, South East Asia reported having over 370 million internet users with an internet penetration rate of about 60 percent of the entire population. The average South East Asia internet consumer consumes more internet bundles on smartphones compared to any other region. Thailand’s mobile internet consumer leads the pack with over 4 hours of internet usage per day.

Thailand’s Dental Clinic to Accept Electroneum as a mode of Payment

The little-known cryptocurrency, Electroneum (ETN), is a complementary virtual currency that was developed to allow anyone, regardless of their technical know-how, the access to the structures of virtual currency.

The Electroneum technology strives to bring the entire combination of mining, buying and selling processes of its digital coin, all into the reach of a smartphone through a user-friendly app that is straightforward to use.

Earlier today, a Thai national became the first person ever to use cryptocurrency, Electroneum, for paying his dental bill after the dental clinic became the first clinic to accept the virtual currency.

Although crypto still has a long way to prove itself in the dentistry industry, this latest move is undoubtedly a good step in the right direction. Patients can now mine or buy their Electroneum coins and use them to pay for their dental bills, at least in Thailand. Consequently, this is another reason to smile for crypto enthusiasts.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Thailand’s oldest bank to adopt Ripple, but will it use XRP as well?

by

The Siam Commercial Bank (SCM) is the oldest bank in Thailand. It’s recently suggested that it could be trying out the wonders of blockchain technology by using one of Ripple’s applications.

The rumors started to circulate earlier this week when some users had a look at the banks’ Twitter account and noticed a few pics that seemed to be one of Ripple’s apps geared to facilitate international transactions. “Send money abroad today at the cheapest rates via Ripple,” you could see in a post entitled “SCB Easy.”

The SCB social media team has been rather slow in either denying or confirming any of the rumors. They just said that further details about Ripple’s integration into the bank’s technology arsenal will be announced soon.

Obviously, this is good news for Ripple aficionados. But not as good as it could be. It seems that while the bank will indeed adopt at least one of Ripple’s software solutions to remove friction from settling international payments, it also appears that they won’t be picking the one that uses Ripple’s XRP as a mediating coin. At least not at the beginning. SCB stated on Twitter:

“We will be using [b]lockchain [t]echnology for [R]ipple but as for XRP, you may have to wait for further announcement [sic].”

This is not the first bank in the world to join the Ripple Net. In fact, more than 200 banks all over the world are using Ripple’s software solutions in either pilot programs or at the production stages. Ripple’s adoption has been particularly fast in the Middle East, but it’s happening everywhere. The first early adopter (at production stage) was Banco Santander. The bank is using Ripple’s tech to power a mobile app that allows for instant exchanges of money in some countries in Western Europe.

Asia and crypto

The Asians market are particularly crucial for Ripple or any financial company. The apparent reason is that Asian countries are so densely populated. Maybe less evidently, it just so happens that Asia is probably the most active zone of the world when it comes to cryptocurrency. Most of Bitcoin’s mining happens in China, and the world’s largest cryptocurrency exchange platform (Binance) is an Asian company as well.

Ripple is well aware of Asia’s relevance. That’s why it recently announced that it would be increasing its personnel in Asia (based in Singapore) significantly during the next few months.

It’s no surprise that Siam Commercial Bank wants to start slow with Ripple. Inertia is a powerful force in the financial world everywhere, but it’s even stronger in Asia where traditions are more important than in, say, Central Europe, just to name an example. That being said, banks all over the world can jump in any wagon very quickly once they’re sure that there’s something in it for them, especially savings.

So Ripple keeps gaining new strategic partners everywhere and reporting good news. XRP is trading at USD 0.38115 as we write this, and it remains the world’s third-largest cryptocurrency by market capitalization.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Binance CEO Demands U.S. Action Over Detained Ex-Agent in Nigeria

by

The CEO of Binance, Richard Teng, has lashed out in fury towards the Nigerian government as it continued to detain Tigran Gambaryan, a former U.S. federal agent and an employee of Binance. Gambaryan has been held in Nigeria for six months, with continued failing health due to lack of medical care and legal representation.

According to the blog post, Teng’s declaration indicates the high physical and mental stress on Gambaryan, who is reported to be in the state of having a herniated disc that has made him unable to walk.

He is in critical condition, and yet the Nigerian authorities have not provided him with the medical services that are essential to him, such as a wheelchair, and have not allowed him to seek legal counsel before the trial that is scheduled to begin on September 2.

Moreover, a Nigerian court ordered the release of Gambaryan’s medical records, but compliance was delayed for months. This week, the situation was compounded as Gambaryan was refused access to a U.S. consulate representative, which further increased the worries about his health.

Binance Calls for U.S. Government Intervention

Binance has called on the U.S. government to intervene and apply political pressure to secure Gambaryan’s release. Teng expressed deep concern for the irreversible damage that continued detention could cause to Gambaryan’s health and urged for a humanitarian resolution that would allow him to return to the U.S. for proper treatment and recovery.

The Nigerian government has justified Gambaryan’s continued detention with the allegations that Binance, being a primarily virtual corporate entity, is a scapegoat for human rights violations.

The prosecution’s counsel argued that Gambaryan should be denied bail due to concerns over him being a flight risk. Binance refutes this claim, claiming it is baseless. The company relies on the fact that it has settled regulatory matters in several countries, including the U.S., Thailand, Brazil, and India, without resorting to punitive measures against its employees.

Teng urges the U.S. government to officially regard Gambaryan as unlawfully detained and use its influence to get him released. He asks international observers to raise their voices and make the Nigerian authorities address what he considers an unfair and harmful situation.

Related Reading | Despite staying low-profile, Ripple is aiming higher than ever

Shiba Inu Lead Dev Unveils Global Tour: 2024’s Massive Events

by

Fresh off the IVS Crypto event, Shiba Inu’s lead developer, Shytoshi Kusama, has launched a global tour, signaling a bold new direction for the cryptocurrency. The “Treat Yourself” tour aims to engage Shiba Inu (SHIB) enthusiasts and curious onlookers worldwide.

The tour kicked off last week in Kyoto. Kusama, known for his mysterious persona, attended the event in a mask. He mingled with crypto enthusiasts and even met Japanese politician Ippei Kumagai. Kusama’s presence added a flair of excitement to the event, marking a strong start for the global tour.

Screenshot 209
Source

Kusama announced plans to visit the bustling Indian city, Mumbai, calling it his “second home.” He expressed his eagerness to reconnect with the vibrant Indian crypto community. “See you soon!” he said, hinting at important meetings on the horizon.

The tour then heads to Canada for the Blockchain Futuristic Conference (BFC) in Toronto on August 13-14. Shiba Inu is a title sponsor of this event, and they will showcase their projects at a dedicated booth. K9 Finance, a Shiba Inu partner, will host a hackathon, promising a blend of innovation and engagement.

Shiba Inu’s SHIBACON

In a significant reveal, Kusama announced that the final stop for the year will be in Bangkok, Thailand. Here, SHIB will launch its own conference, SHIBACON, slated to coincide with DevCon in Bucharest, Romania, on November 6-7. While DevCon takes place in Bucharest, SHIBACON will unfold in Bangkok, creating a unique platform for the Shiba Inu community and industry leaders to network.

Kusama emphasized that SHIBACON 2024 will stand out from other crypto conferences. He promised unique discussions, presentations, and networking opportunities. The event aims to foster a deeper connection within the community and bring forward innovative ideas.

As the “Treat Yourself” tour progresses, Kusama hinted at opportunities for potential speakers and sponsors to join the conference. He assured that more details would be revealed soon.

With each stop, Kusama and his team are forging stronger ties with the global Shiba Inu community. The tour embodies Shiba Inu’s spirit of community and innovation, promising an exciting future for SHIB enthusiasts worldwide.

India Hits Binance with $2.25M Fine for PMLA Breach

by

Binance, one of the world’s leading cryptocurrency exchanges, was recently fined roughly $ 2.25 million or Rs. 18.82 crores by India’s Financial Intelligence Unit [FIU]. The order, dated June 19, 2024, cited multiple violations of the Prevention of Money Laundering Act [PMLA], 2002, as a Virtual Digital Asset Service Provider. The financial watchdog alleged that the crypto exchange failed to comply with its statutory obligations under the PMLA while serving Indian clients and maintaining operations within India.

Last year, FIU issued a notice to Binance, demanding an explanation for its non-compliance. The trading platform was required to justify why no action should be taken against it for neglecting its responsibilities under the Act. Following a thorough review of Binance’s written and oral submissions, the Director of FIU-IND determined that the charges were substantiated.

Binance
India Hits Binance with $2.25M Fine for PMLA Breach 3

The development came after three months when the platform and nine other offshore cryptocurrency platforms were banned from operating in India in response to the platforms’ failure to comply with FIU and PMLA guidelines. Before that action, Binance enjoyed a share of 90% of the estimated $4 billion crypto holdings of Indian nationals.

Despite the penalties, the exchange has made its intention clear of its comeback. However, its re-entry will involve meeting new conditions, including registration with the Treasury Department’s Financial Intelligence Unit and adherence to relevant laws like the Prevention of Money Laundering Act and the VDA tax framework.

Binance’s Plans to Re-enter India Unveiled

Previously, Seychelles-based crypto exchange Kucoin, which had registered with the FIU in March, was fined $3.45 million. After becoming FIU compliant, the ban was lifted. This move positioned Kucoin as the second offshore exchange to register under the FIU and PMLA regulations officially.

“With KuCoin and now Binance, it seems like foreign exchanges are not ready to miss the Indian crypto market,” wrote one user.

Furthermore, Binance has revealed that it is planning to provide localized payment solutions, establish a dedicated team in India, and make further investments in the country’s blockchain infrastructure.

BNB Incubation Alliance: Fast-Tracking Blockchain Innovation with Binance Labs

by

BNB Chain and Binance Labs have unveiled the BNB Incubation Alliance (BIA), a new initiative to accelerate the growth of early-stage blockchain projects. This incubator program will provide participants with opportunities for potential investment from Binance Labs and BNB grants, alongside fast-tracking successful projects into the Most Valuable Builder (MVB) program.

Operational Structure Of BNB Incubation Alliance

According to the blog post, the BIA is designed to nurture early-stage projects through a series of global events hosted in collaboration with prominent venture capitalists, incubators, and developer communities. This collective effort aims to provide comprehensive support and strategic partnerships essential for growth and innovation within the ecosystem.

Winning projects in the BIA will have the chance to gain direct admission to the MVB program, receive BNB Chain grants, access the Launch-as-a-Service (LaaS) package, and potentially secure investments from Binance Labs. These resources are geared towards providing unparalleled support to emerging blockchain projects.

The BIA will host primarily offline events across the globe, focusing on early-stage projects that meet specific criteria, such as being in the incubation stage with limited team size or fundraising history. These projects will be selected by BIA co-hosts, including BNB Chain, Binance Labs, and top venture capitalists and incubators.

image 31 17

A panel of judges from the co-hosts and co-organizers will evaluate the projects to determine the winners. The first-place project will receive direct admission to the MVB program, the LaaS package, potential investment opportunities from Binance Labs, and BNB Chain grants. Second and third-place projects will also receive priority consideration for MVB admission, grants, and LaaS package access, depending on BNB Chain deployment requirements.

The initial series of events includes notable appearances at EthCC 2024 in Brussels, Belgium, Bitcoin 2024 in Nashville, USA, Token 2049 in Singapore, Binance Blockchain Week in Dubai, UAE, and DevCon and EthGlobal in Bangkok, Thailand. These events will feature welcome speeches, keynote addresses, panel discussions, project presentations, Q&A sessions, and networking opportunities, culminating in a celebratory gala where top projects will be awarded.

By joining BIA, projects can leverage potential investments: from Binance Labs, BNB grants. Projects will also get access to the competitive MVB program, which includes exhaustive support: with strategic partnerships and close collaboration with industry leaders, as well as advisory support and Web3 startup-tailored.

Related Reading | Render (RNDR) Aiming for Bullish Trend Above $9.8-$10 Pivot, Analyst Says

Bitcoin ETF Market Surges with $887 Million Inflows Reflecting Renewed Investor Confidence

by

The U.S. spot Bitcoin exchange­-traded funds (ETFs) market is expe­riencing a spike in investor inte­rest, with net inflows reaching the­ir second-highest daily total on June 4, 2024. According to SoSoValue­ data, these inflows reache­d a remarkable $887 million, just shy of the re­cord $1.05 billion set on March 12, 2024. This robust performance marks the­ 16th consecutive day of net inflows for spot Bitcoin ETFs, unde­rscoring a sustained shift in investor sentime­nt.

Fidelity’s FBTC and BlackRock’s IBIT led the pack on Tue­sday, drawing net inflows of $379 million and $274 million, respective­ly. These numbers highlight the­ increasing confidence of e­stablished financial institutions in the Bitcoin market. Bloombe­rg ETF analyst Eric Balchunas encapsulated the day’s e­vents, noting on X that “big-time flows all around.”

ARK Invest and 21Share­s’ ARKB attracted $139 million in funds, while Bitwise’s BITB se­cured $61 million. It’s worth noting that Grayscale’s GBTC, which shifted to a spot ETF in January, saw inflows of $28 million. This marks its se­venth day of positive inflows, making it the third-large­st since the transition. 

Howeve­r, GBTC still faces challenges due to its high 1.5% management fee, surpassing most spot ETFs. This divergence­ in pricing, coupled with a reduced discount, has le­d to substantial net outflows, exceeding $17.8 billion for GBTC. Conversely, VanEck and Valkyrie­’s spot Bitcoin ETFs have experie­nced modest net inflows in the­ single digits.

Bitcoin ETF Market Heats Up

The re­cent influx of investments showcase­s a rising enthusiasm for BTC within institutional circles, defying the­ predictions of skeptics who anticipated a subdue­d demand for Bitcoin ETFs. Nate Geraci, the­ president of ETF Store, highlighte­d how critics had previously claimed that “all of the ‘de­gen retail’ investors who we­re eager to buy had alre­ady done so. Geraci’s comments highlight the­ increasing influx of capital into the BTC market.

The­ recent investme­nt surge is partly fueled by the­ launch of a Bitcoin spot ETF on the Australian Stock Exchange (Cboe) on June­ 4, 2024. Furthermore, the de­but of Thailand’s inaugural Bitcoin ETF by One Asset Manageme­nt (ONEAM) has added to investor optimism. ONEAM’s ETF provides inve­stors with access to 11 top-tier global Bitcoin funds, bolstering liquidity and e­nsuring heightened se­curity.

While BTC’s curre­nt price, hovering near its all-time­ high of $73,780, may induce some pee­r pressure to buy, it’s crucial to acknowledge­ the cautious optimism prevalent among e­xperienced inve­stors. Traditionally, large-scale investors re­frain from entering the marke­t at peak levels. De­spite the positive inflows; BTC still lacks significant buying pre­ssure at the $71,000 leve­l necessary to trigger substantial price­ rallies.

Related Readings | $1.6M Bet on GME: Solana Token’s Wild Price Jump

US Dominates As Top Crypto Degen Nation With 16.8% Global Interest

by

CoinGecko recently disclosed that the most crypto-degen country is the United States which has 16.8% of world interest in low-cap crypto on on-chain DEX trackers. It shows that there is a strong burning passion in the US for such coins, which are usually referred to as “shitcoins” or memecoins. Next in line is the United Kingdom, with 6.2% interest in these altcoins, and following them up is the Philippines in third place, having 5.1% interest.

image 17 8

Global Hotspots of Crypto Enthusiasm

The study conducted by CoinGecko employed a meticulous methodology, analyzing the total visits by country to GeckoTerminal, DEX Screener, and DEXTools from April 2023 to March 2024, drawing upon Similarweb data. The findings underscore a concentrated interest, with the top 25 most crypto-degen countries accounting for a commanding 77.8% of on-chain speculation interest.

Among Southeast Asian nations besides the Philippines, it can be seen that the markets favor small market capitalization digital currencies highly. Indonesia has the biggest portion of 4.0%, Vietnam follows closely with a 2.9% share, while Thailand and Malaysia rank third and fourth having 1.2% and 0.9%, respectively.

Africa’s representation in the worldwide digital market is dominated by Nigeria, being the only African country in the top 25 crypto-degen nations. Nigeria, ranked at sixth position, accounts for 3.9% of the total share, indicating a growing interest in digital currencies across the region.

Within the European Union (EU), several nations showcase a palpable interest in on-chain trading. France leads the pack with a 4.4% share of global interest, followed by the Netherlands with 3.0% and Poland with 2.4%. The EU’s substantial presence in the list further cements the continent’s active engagement in the crypto market.

Remarkably, 18 of the 25 most crypto-degen nations are members of the G20; this shows that cryptocurrencies have been widely adopted and are of interest among countries that have a strong economy. The G20 is made up of countries which are economically powerful. Thus this proves how much impact digital currencies have in the world beyond niche markets.

Related Reading |  Breaking Barriers: Shiba Inu’s Meteoric Surge in 2021

Crypto Exchange Bitkub Faces Onslaught: 238,000 Accounts Surge

by

Bitkub Capital Group Holdings, the prominent force behind Thailand’s largest crypto exchange, is gearing up for a significant move – an initial public offering (IPO) slated for 2025. In a recent interview, CEO Jirayut Srupsrisopa unveiled the company’s ambitious plans to debut on the Stock Exchange of Thailand, aiming to elevate its stature and secure additional funds. This strategic step underscores Bitkub’s commitment to solidify its position in the rapidly evolving crypto landscape.

The decision to go public comes as Bitkub faces intensifying competition in Southeast Asia’s thriving crypto market. Recent months have witnessed formidable contenders like Binance and Kasikornbank Pcl aggressively vying for market dominance, posing formidable challenges to Bitkub’s market share. Despite the escalating competition, Bitkub remains resilient, with the number of active crypto trading accounts in Thailand soaring to new heights, reaching 238,000 in March – a testament to the enduring appeal of cryptocurrencies among investors.

Bitkub’s journey towards IPO gained momentum following its strategic divestment last year, wherein it sold a significant stake in its crypto exchange unit, Bitkub Online Co., to Asphere Innovations Pcl. This move not only injected substantial capital into the company but also bolstered its valuation, signaling robust growth prospects ahead.

Crypto Boom Drives Bitkub’s Workforce Expansion Plan

As the digital asset market experiences a resurgence, fueled by Bitcoin’s rally to record highs, Bitkub is capitalizing on the momentum by expanding its operations. Despite previous workforce reductions, the company is now on track to ramp up its headcount, aiming to increase its workforce to 3,000 employees by 2025, underscoring its commitment to scale and innovation.

However, Bitkub’s journey to IPO hasn’t been devoid of challenges. Regulatory scrutiny, exemplified by the aborted acquisition attempt by SCB X Pcl, has underscored the evolving regulatory landscape surrounding digital assets. Despite setbacks, Bitkub remains undeterred, navigating regulatory complexities while forging ahead with its strategic objectives.

In essence, Bitkub’s forthcoming IPO represents a pivotal moment in its trajectory, signifying its evolution from a leading crypto exchange to a publicly listed entity. With its sights set on expansion and innovation, Bitkub is poised to shape the future of Thailand’s crypto ecosystem, charting a course towards sustained growth and resilience in the dynamic world of virtual assets.