Thailand’s place on the Southeast Asian crypto map is well visible, primarily based on the country being perceived as a relatively liberal and open to these technologies. An important role here is played by the Thai authorities which are seeing cryptocurrencies as an ally in their attempt to promote cashless society.
This was reflected in the promotion of adoption of either cryptos or digital fiat currencies, with the latter being considered a long-term option. At the same time, Thailand promotes itself as a hub for the international crypto exchanges which are now starting to enter its market, with the Japanese leading the charge here. The blockchain tech is also being researched in Thailand as a vehicle for speeding up bond settlements in this country.