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Co-Founder BlockApex | Smart contract audit | Asset Tokenization | DeFi & Tokenomics |Consultation DevCon 2024 📍
Sa Wat Dee from Thailand! I had the pleasure to represent BlockApex and BlockXone Group at Techsauce 2024. Speaking alongside some of the brightest minds in technology innovation and regulation was an absolute honor. Thankyou to Australian Trade and Investment Commission (Austrade), Digital Economy Promotion Agency (depa) of Thailand , Thailand Board of Investment (BOI) , Thai Fintech Association and SCB TechX for your insights and constant guidance. Key Takeaways (Read on if you're truly interested): - Thai SEC is the key player in the digital asset space. - The Thai market is currently more inclined towards Consumer Apps than DeFi (for now). - Real Estate and Infrastructure-backed ICOs are making waves here. - Thailand is positioning itself as a premier digital asset hub with a focus on Green Project-Backed investment tokens. - The government recently removed the 300,000 BAHT cap for retail investors (a big move for market growth). - The Emergency Decree on Digital Asset Businesses B.E. 2561 supports companies in raising funds through digital token issuance, provided they meet compliance requirements. - Only Utility Tokens on the SEC's positive list are tradeable. - Investment Tokens (STOs, Debentures, Stocks, and Unit Trusts) are just starting to take off. - Bank of Thailand and KASIKORNBANK are also testing their waters in Infrastructure and Blockchain based financial products. - Token X and their flagship ICO portal are leading the way in financial accessibility for businesses in Thailand. - Bitkub is the dominant, authorized centralized exchange in the market. - There's huge potential for tokenizing Soft Power Industries like music, art, and movies, with talks of upcoming regulations. - VAT exemptions for Investment and Utility Token trading offer a favorable tax environment. The Thai market is just getting started, and it’s an exciting time to be part of this journey. I’m seriously considering whether it’s time to set up an office in Bangkok—after all, aren’t we all digital nomads at heart? If Web 3 technology interests you, hit me up and let's meet if you're in Bangkok.