The Thailand International Digital Business & Finance Center (TIDC) has announced the appointment of Movement Labs co-founder Rushi Manche and Dao5 founder Tekin Salimi as advisors. Their expertise in blockchain technology and digital finance is expected to drive Thailand’s crypto innovation and financial sector transformation.
According to Kaohoon International, Wai Man Raymond Chu, Director of the TIDC, emphasized that their inclusion marks a significant step in fostering blockchain adoption and strengthening Thailand’s digital economy. This move aligns with the nation’s ongoing efforts to establish itself as a major player in digital finance.
Key Roles of the New Advisors
Salimi, the founder of Dao5, will contribute by guiding Thailand in positioning itself as a regional hub for blockchain investment. His role includes shaping policies and regulatory frameworks that integrate blockchain technology into Thailand’s financial sector in a secure and sustainable manner.
Meanwhile, Manche, co-founder of Movement Labs, will focus on building a secure and scalable blockchain infrastructure. His expertise in blockchain security and smart contract programming will play a key role in advancing Thailand’s financial ecosystem and protecting it from cybersecurity threats.
Potential Collaboration with Elon Musk’s DOGE
A notable aspect of Manche’s involvement is his work with Movement Labs, which is currently in discussions with Elon Musk’s Department of Government Efficiency (DOGE). The TIDC anticipates leveraging Movement Labs’ developments with DOGE to enhance transparency and reduce costs in Thai government operations.
Thailand’s Vision for a Crypto Hub
The TIDC’s mission is to establish Thailand as a leader in blockchain innovation, attracting businesses, creating job opportunities, and promoting financial inclusion.
In line with this goal, Thailand has been actively exploring pro-crypto initiatives. On February 3, the Thai Securities and Exchange Commission announced the development of a DLT-based trading platform, enabling securities firms to participate in digital token markets.
Furthermore, Thailand’s former Prime Minister, Thaksin Shinawatra, has long advocated for cryptocurrency adoption. He has encouraged the government to adopt a pro-crypto stance and proposed the launch of a crypto sandbox in Phuket to facilitate blockchain experimentation and integration.
Conclusion
With the addition of crypto leaders as advisors, Thailand is taking a strategic step toward strengthening its digital finance landscape. The country’s commitment to blockchain technology and regulatory innovation could pave the way for a thriving crypto ecosystem.
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