The Thailand International Digital Business & Finance Center (TIDC) has appointed Rushi Manche, co-founder of Movement Labs, and Tekin Salimi, founder of Dao5, as advisors to enhance the country’s blockchain technology and digital finance ecosystem.
Wai Man Raymond Chu, Director of TIDC, confirmed the appointments in a recent announcement reported by Kaohoon International. He expressed confidence that the expertise of these crypto industry leaders would foster growth in Thailand’s blockchain landscape.
“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,”
Chu stated.
Tekin Salimi will focus on positioning Thailand as a regional blockchain investment and innovation hub. He will provide strategic guidance on policy and regulatory frameworks to integrate blockchain technology with the country’s financial sector securely and sustainably.
Rushi Manche will leverage his blockchain security and smart contract development expertise to help create a secure and scalable blockchain environment. TIDC also expects Manche to introduce insights from Movement Labs’ ongoing collaboration with Elon Musk’s Department of Government Efficiency (DOGE), which could help reduce costs and enhance transparency in Thailand’s government operations.
With support from Thailand’s Ministry of Digital Economy and Society and National Telecom Public Company Limited, TIDC aims to promote cryptocurrency adoption and strengthen Thailand’s status as a leader in the digital economy.
The country has already begun exploring several pro-crypto initiatives. On February 3, the Thai SEC announced plans to develop a distributed ledger technology (DLT)-based trading platform, enabling securities firms to participate in digital token markets.
In addition to appointing new advisors, Thailand has also explored the launch of its first locally listed Bitcoin ETF as part of its efforts to establish itself as a digital asset hub in Asia. The Thai SEC Secretary-General disclosed that the regulatory body had been evaluating opportunities for individuals and institutions to invest in Bitcoin ETFs on local exchanges.
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