Thailand Appoints Crypto Industry Founders as Advisors to Foster Blockchain Growth
The Thailand International Digital Business & Finance Center has appointed Movement Labs co-founder Rushi Manche and Dao5 founder Tekin Salimi as advisors to advance its blockchain technology. The appointments aim to foster growth and support for Thailand’s crypto and blockchain endeavors.
Driving Digital Finance Transformation
Director of the TIDC, Wai Man Raymond Chu, announced the appointments, hoping that the inclusion of two crypto industry founders will help drive growth and support for the nation’s digital finance transformation. “This collaboration occurs at a pivotal moment as the nation embarks on the era of digital finance, which serves as a cornerstone for economic transformation,” said Chu.
TIDC’s Blockchain and Stablecoin Infrastructure Development
The Thailand International Digital Business & Finance Center is committed to developing Thailand’s blockchain technology and stablecoin infrastructure, by promoting crypto adoption and strengthening Thailand’s digital economy. The center is supported by Thailand’s Ministry of Digital Economy and Society and National Telecom Public Company Limited.
Advisors’ Roles in Blockchain Development
Dao5 founder Tekin Salimi will provide guidance on how Thailand can position itself as a regional hub for blockchain investment and innovation. He will also aid the center in creating policies and regulatory frameworks that combine blockchain technology and Thailand’s financial sector in a secure and sustainable way.
Movement Labs co-founder Rushi Manche will play a significant part in developing a secure and scalable blockchain environment in Thailand. His experience in blockchain security and smart contract programming will be utilized to advance the financial ecosystem in Thailand and ensure it can protect itself against cyber security threats.
Thailand’s Quest to Advance its Crypto Hub
The TDIC’s mission is to transform Thailand into a “leader in blockchain innovation” which it hopes will attract new businesses, create job openings, and bring about financial inclusion in the region. Recent pro-crypto initiatives in Thailand include the development of a DLT-based trading platform and the consideration of a crypto sandbox in Phuket.
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. The nation is also exploring crypto payments for tourists in Phuket.
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