reader Posted January 19 Posted January 19 We're from the government and we're here to help you on your road to poverty. From MSN Thailand is planning to launch its cryptocurrency sandbox before the end of this year. According to former Prime Minister Thaksin Shinawatra, the sandbox will likely be launched around October and will be located in Phuket. According to Shinawatra, the move will be a turning point for the country, noting how well they have thrived regarding the crypto industry. Shinawatra also thinks that Thailand is well equipped compared to other regions, as they continue to move ahead in the crypto industry. He noted that the crypto industry has been boosted by the decision of the United States President-elect Donald Trump to push for it. Bitcoin and other assets saw a rally as Trump, who made so many promises to the sector during his campaign, won against Kamala Harris in a hard-fought battle. In a discussion about the Association of Southeast Asian Nations (ASEAN) region’s economy, Shinawatra noted that most countries in the region have been holding extensive talks with Thailand. He noted that since Thailand have been able to make a commendable feat regarding the crypto industry, it has presented an opportunity to inject money into the economic system. In addition, he said that discussions on this subject are underway, hopeful that it will come to a fruitful end. Shinawatra also mentioned that cryptocurrencies should be leveraged quickly, as a delay might lead to the best minds moving to a better-suited environment like the United States. He added that digital assets are a new form of digital currency, which should not be confused with gambling. Stablecoins, the least volatile assets, are usually backed by other assets like gold or government bonds. He highlighted that stablecoins carry less risk than others. He mentioned that the country will not adopt digital assets that present high risks, adding that a sandbox is expected to be launched in October. In addition, the sandbox will include the private sector, as it presents a way to rub minds on the subject. Shinawatra discussed the crypto sandbox idea at a recent Pheu Thai party seminar. He is currently the de facto leader of the party, which currently houses the majority ruling members in the country. In the seminar, Shinawatra introduced the idea of using Phuket as the location for the sandbox. Continues at https://www.msn.com/en-us/money/other/thailand-set-to-launch-its-crypto-sandbox-this-year/ar-AA1xsfLl Quote
reader Posted January 19 Author Posted January 19 From the BBC US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalisation to several billion dollars. His release of the meme coin, $Trump, comes as he prepares to take office on Monday as 47th president of the US. The venture was co-ordinated by CIC Digital LLC - an affiliate of the Trump Organization - which has previously sold Trump-branded shoes and fragrances. Meme coins are used to build popularity for a viral internet trend or movement, but they lack intrinsic value and are extremely volatile investments. By Saturday afternoon, hours after its launch, the market capitalisation for $Trump reached nearly $5.5bn (£4.5bn), according to CoinMarketCap.com. CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware earlier this month, own 80% of the tokens. It is unclear how much money Trump might make from the venture. "My NEW Official Trump Meme is HERE! It's time to celebrate everything we stand for: WINNING!" Trump wrote on his social media platform Truth Social as he announced the meme coin on Friday night. https://www.bbc.com/news/articles/c9vmym2jvy9o Quote
