- Thailand in bringing in experts to improve blockchain, stablecoins, and crypto adoption.
- Tekin Salimi and Rushi Manche will help build secure blockchain systems and guide policies.
- The government is developing a digital token platform and exploring a stablecoin backed by bonds
Thailand is making strong moves to become a leader in digital finance. The country is strengthening its blockchain strategy with top experts. The Thailand International Digital Business and Financial Center (TIDC) has appointed two advisors. They are Tekin Salimi and Rushi Manche. Their role is to bolster the country’s blockchain and stablecoin systems.
Thailand TIDC is developed with support from Thailand’s Ministry of Digital Economy and Society (MDES) and National Telecom Public Company Limited (NT). Its goal is to promote cryptocurrency adoption, attract investments, and support the digital economy. The appointment of Salimi and Manche is expected to bring valuable expertise to these efforts.
Tekin Salimi is a well-known venture capitalist. He is the founder of dao5, a crypto asset management fund that handles over $500 million. His background in blockchain investments and law makes him a key figure. He will help Thailand attract global crypto investors.
Rushi Manche is the co-founder of Movement Labs. He works on improving blockchain security and efficiency. His work includes advancing the Move programming language. This language was originally developed for Facebook’s blockchain project. Their combined knowledge will help TIDC build a secure and scalable blockchain infrastructure. It will also help shape policies that encourage blockchain growth in Thailand.
Digital finance in Thailand does not stop there. The Securities and Exchange Commission (SEC) has designed a blockchain-based platform. This platform speeds up and facilitates digital token trading. The SEC has approved several token projects that focus on green finance and sustainable investments.
The government has also proposed a stablecoin that is backed by government bonds. This shows its commitment to advancing the digital economy. Such efforts position Thailand as a leader in blockchain innovation. They are expected to attract business, create opportunities, and strengthen Thailand’s global position in digital finance.
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