The government has announced ambitious plans to further expand opportunities in digital asset investments, with the aim of positioning Thailand as a regional leader in this fast-growing sector.
During a special Binance TH event on digital assets, Julapun Amornvivat, Deputy Minister of Finance, outlined the government’s strategies, which focus on working closely with the private sector to promote the development and growth of this promising market.
Digital assets as an alternative investment
As the global economy continues to change, digital assets are increasingly seen as a viable alternative investment vehicle. The recent surge in Bitcoin prices to as high as $94.000 following Donald Trump’s victory in the US presidential election has further underlined the potential of this market. In response, Thailand has introduced investment vehicles such as investment tokens, which are regulated by the Securities and Exchange Act from 1992. This legal framework is aligned with international standards and at the same time stimulates innovation in financial technology.
Focus on financial and digital literacy
A key pillar of the policy is to increase the digital and financial literacy of the population. According to Deputy Minister Julapun, this is crucial to prepare citizens for a digital economy. Initiatives such as the Digital Wallet Program are designed to promote technological skills and equip people with the necessary knowledge to navigate the digital wealth investment landscape effectively. These measures should not only contribute to economic growth, but also ensure that the population is ready for a future in which technology plays an increasingly dominant role.
Thailand as an innovation hub
Thailand’s vision extends beyond local improvements. The country aims to create globally recognized digital assets and non-fungible tokens (NFTs). With this strategy, Thailand hopes to establish itself as a center for technological innovation. Industry experts emphasize that clear regulations and well-thought-out policies play a crucial role in attracting institutional investment. This will allow Thailand to strengthen its position in the cryptocurrency market, which will not only benefit national economic growth but also gain global recognition for Thailand as a player in the digital economy.
With these ambitious plans and focused approach, Thailand seems determined to play a key role in the future of digital investment and technology. The government is actively working to create an ecosystem where innovation thrives, while supporting the population in their transition to a technology-driven economy.
They can't even provide decent software and IT to bring their embassy websites up to 80s standards. Another thigh-slapper.
The only thing I see flourishing are digital payment apps and related QR codes. In 1 year from nothing to a level that at least Belgium can still smell a shit of. How could that be? If you ask me: no idea.
In Thailand I find the banking system much better than in Belgium and also safer. Every transaction gives a notification on your phone. The money is transferred in no time. Service at the offices is still top. Sometimes a bit old-fashioned, but always help and also offices where you can even go on Sundays. I do find a disadvantage, that you can't see a message on your app. The QR codes are super handy, although we should not forget to keep cash money