InfoQuest (March 25, 2022) - Mr. Arkhom Termpittayapaisith, Thailand's Minister of Finance delivered a speech titled "Thailand and the Future of Digital Assets" at the Seminar on "Digital Assets – Thailand Game Changer". Arkhom said that the current problems facing Thailand's economy are partly the result of an aging economic structure, which relies too much on tourism and services, and therefore the impact of the pandemic on Thailand's economy is far greater than that of other ASEAN countries.
Given this, Thailand must adjust its economic structure with the times, which will greatly promote the country's overall economic development. In the past two years (2020-2021), Thailand has witnessed rapid technological development, which is evidenced by the emergence of "digital assets".
In the past two years, the number of companies licensed to operate digital assets has increased from nine to 14, with the value of transactions rising from 240 million baht to 4.8 billion baht and the value of digital assets business from 9.6 billion baht to 114 billion baht. At the same time, the number of users has jumped from 170,000 to 2 million. Digital assets, cryptocurrencies become new investment tools.
Meanwhile, Thailand needs to cultivate digital technology talent and conduct research and innovation on digital assets to support the development of the target industries and drive future economic growth.
Source: InfoQuest, by Khll/Rachada Kongkhunthian/Sasithorn Simaporn, translated by Xinhua Silk Road
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