Thailand can potentially become a digital asset hub if strategic policies are implemented. Meanwhile, clearer regulations and greater institutional investment are driving the cryptocurrency market to new highs this year, according to the Thai Digital Asset Association.
Association president Nares Laopannarai says regulatory clarity and institutional involvement in cryptocurrencies have reached new heights this year.
Currently, Hong Kong, Singapore, Dubai, and Europe, are leading the way in defining clear regulations, with the US expected to follow.
“With the development of utility tokens, we can better promote the digital economy, along with new opportunities such as ESG and soft power token-based fundraising,” Nares adds.
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