Thailand TIDC Appoints Advisors to Boost Digital Economy

• Thailand hires blockchain expertise to boost its digital finance strategy.
• The country is establishing a token platform and considering a bond-backed stablecoin.

This development marks a milestone as Thailand, on its end, will initiate drastic innovation efforts to its blockchain and stablecoin endeavors in its digital finance landscape. The TIDC announced two prominent advisers, Tekin Salimi, a renowned expert in blockchain security. Investments and Rushi Manche, an advisor on policy developments. Salimi brings expertise in securing blockchain ecosystems, while Manche provides guidance on regulatory and policy matters. Both bring valuable expertise to the advisory team.

TIDC operates with the support of Thailand’s Ministry of Digital Economy and Society (MDES) and National Telecom Public Company Limited (NT). It seeks to hasten cryptocurrency adoption, attract foreign investments, and develop blockchain innovations. The inclusion of Salimi and Manche is putting Thailand on the digital finance and decentralized technology map.

Thailand Stepping Up Blockchain and Crypto Strategy

Tekin Salimi, a venture capitalist, founded dao5 and manages over $500 million in crypto assets. He has extensive experience in blockchain investments and legal frameworks. His expertise will help attract global investors to Thailand’s growing crypto economy. Rushi Manche is the co-founder of Movement Labs, which focuses on blockchain security and scalability. His work in the Move programming language, originally designed for Facebook’s blockchain project, will help TIDC build a secure and efficient blockchain infrastructure.

Besides that, Thailand is rapidly preparing a blockchain platform for trading digital tokens. The SEC initiated this platform to make transactions in digital assets faster and more efficient. Some of the token projects approved by the SEC aim at green finance and sustainability,  the current trend across the world in responsible investment.

The Thai government has considered introducing a stablecoin pegged to government bonds. This move reflects its decision to integrate blockchain technology into its financial system while maintaining stability and regulatory compliance. This development will not only attract businesses into the country and expand the existing economic opportunities but also establish it as one of the leading destinations in the globe for the implementation of the blockchain landscape.