Thailand is taking significant steps toward expanding its blockchain and cryptocurrency ecosystem. The Thailand International Digital Business and Financial Center (TIDC) has appointed two key figures from the crypto and blockchain industry—Tekin Salimi and Rushi Manche—as advisors.
Additionally, the government has taken action to curb illegal crypto activities while former Prime Minister Thaksin Shinawatra has voiced his support for crypto legalization.
TIDC Strengthens Leadership With Crypto Experts
Wai Man Raymond Chu, director of TIDC, announced the appointment of Salimi and Manche as advisors to support the centre’s blockchain and stablecoin initiatives. Their expertise is expected to help shape policies, attract investments, and drive innovation in Thailand’s digital economy.
TIDC operates under the Ministry of Digital Economy and Society (MDES) in collaboration with the National Telecommunications Public Company Limited (NT).
The organization is focused on building a digital-first economy by supporting blockchain adoption, fostering stablecoin development, and promoting digital asset infrastructure.
Who are the Advisors?
Tekin Salimi, a former lawyer turned venture capitalist, is the founder of the cryptocurrency asset management fund dao5, which oversees more than $500 million in assets. His experience in DeFi and venture capital is expected to bring valuable insights to TIDC’s development strategies.
Rushi Manche, co-founder of Movement Labs, specializes in blockchain security and efficiency. His expertise in improving blockchain infrastructure could help Thailand build a more secure and scalable digital asset ecosystem.
Thailand SEC Introduces Blockchain-Based Trading Platform
In a separate move, Thailand’s SEC has launched a blockchain-based trading platform to facilitate securities companies in trading digital tokens. The goal is to improve market efficiency and offer investors wider access to tokenized assets.
New regulations introduced by the SEC will allow for the issuance and trading of electronic securities, including tokenized bonds and investment-based digital assets. Reports indicate that four token projects have already been approved, while two more are under review.
This regulatory shift reflects Thailand’s push to integrate blockchain technology into its financial markets. By enabling tokenized securities trading, the SEC aims to modernize the country’s capital markets and make investment opportunities more accessible.
Also Read: Thailand Ex-PM Thaksin Asks People to Stay Informed on Bitcoin’s Rise, Urges Same For Govt Policies
Crackdown on Illegal Crypto Activities
Thailand has also taken steps to curb illegal crypto-related operations. In a recent move, the government cut off the electricity supply along the Myanmar-Thailand border, targeting crypto scam centres operating in the region.
The decision was influenced by growing pressure from China, which has been cracking down on illicit cryptocurrency activities.
By disrupting these scam operations, Thailand aims to protect investors and ensure that the country’s digital economy is built on a secure and compliant foundation.
Former PM Thaksin Shinawatra Supports Crypto Legalization
Former Thai Prime Minister Thaksin Shinawatra has publicly expressed his support for legalizing cryptocurrency and online gambling. In an interview, he stated that there is “no risk” in permitting the trading of stablecoins and other asset-backed tokens.
His comments highlight a growing acceptance of digital assets within Thailand’s political landscape.
Thailand is making rapid progress in integrating blockchain and cryptocurrency into its financial and economic sectors. With the appointment of industry experts at TIDC, the SEC’s blockchain-based trading platform, and efforts to curb illegal activities, the country is laying the groundwork for a regulated and innovative digital economy.
Also Read: Phuket Announces A Pilot Project Of Crypto Payments For Tourists In Thailand