Fun

News Feed - 2023-08-23 11:08:47

Helen Partz9 hours agoThailand’s next prime minister Srettha Thavisin has crypto historyThavisin was once CEO of Sansiri, one of Thailand’s largest real estate firms, known for backing crypto projects like XSpring.1861 Total views18 Total sharesListen to article 0:00NewsJoin us on social networksOn Aug. 22, Thailand’s parliament elected real estate tycoon Srettha Thavisin as the country’s next prime minister. Thavisin is best known as the former president and CEO of Sansiri, one of Thailand"s largest real estate developers, which also has some background in cryptocurrency.


Thavisin was the only candidate nominated by the Pheu Thai Party, receiving 482 votes out of a possible 747 in Thailand’s parliament.


His victory could potentially have implications for the cryptocurrency industry in Thailand, as Sansiri was an active investor in the country’s digital asset industry. Thavisin quit as Sansiri CEO in April 2023 amid speculation that he would be named Thailand’s next PM. He also let go of his 4.4% stake in Sansiri at the time.Former Sansiri CEO Srettha Thavisin. Source: AP News


In 2021, Sansiri participated in a $225 million raise for a crypto-friendly investment management firm XSpring Capital. Subsequently, XSpring launched a fully integrated cryptocurrency trading platform in 2022. The firm hopes to become a top-three company in the crypto exchange market by 2025.


Apart from backing major crypto projects in Thailand, Thavisin’s Sansiri is also known for issuing and distributing its own token through XSpring in 2022. Called SiriHub Token, the digital asset is part of a real estate-backed initial coin offering that offered a total of 240 million tokens to the general public in 2022.


In April 2023, the Pheu Thai Party — which Thavisin joined in November 2022 — proposed distributing money to Thai citizens if it won the election, specifically giving people 10,000 Thai baht ($285) and sending the amount using digital currency.


With Thavisin’s government expected to assume office by the end of September, it remains to be seen whether his crypto-related background will impact Thailand’s crypto policies.


Related:Thailand threatens Facebook over crypto scams and other fraudulent ads


Days ahead of the vote, Thavisin took to X (formerly known as Twitter) to stress that he was participating in the elections because he wanted to “improve the country and the economy.” He added:“My enemies are poverty and the inequality of the people. My goal is the well-being of all Thai people.”


The news comes a few months after Thailand’s cabinet decided to offer tax breaks for corporate income tax and value-added tax for companies that issue investment tokens. Announcing the initiative in March, Deputy Government Spokesman Rachada Dhnadirek said that the government expects investment token offerings to generate 128 billion baht ($3.7 billion) over the next two years.


Magazine: Asia Express: China’s risky Bitcoin court decision, is Huobi in trouble or not?# Bitcoin# Cryptocurrencies# Government# Thailand# Investments# RegulationAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingHow to put words into a Bitcoin address? Here’s how vanity addresses workEU Data Act smart contract ‘kill switch’ brings uncertainty

News Feed

Bitcoin Trader Robbed During an In-Person Transaction, Kicked Out of Car in Hong Kong
Bitcoin Trader Robbed During an In-Person Transaction, Kicked Out of Car in Hong Kong An unnamed 37-year-old man was a victim of a theft from a gang of robbers w
Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto Exchange Buda
Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto Exchange Buda Chile’s Free Competition Defense Court (TDLC) ruled in favor of
Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say
Brayden Lindrea7 hours agoMetaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs sayShares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrateg
Gareth Jenkinson1 hour agoHong Kong’s first licensed retail crypto exchange HashKey eyes 2024 bull runHashKey became the first licensed retail cryptocurrency exchange to launch in Hong Kong and anticipates major growth
Turner Wright3 hours agoDelaware authorities refer fake BlackRock XRP trust filing to state’s Justice DepartmentState authorities may investigate the fake BlackRock “iShares XRP Trust” registration following a refe
Price analysis 9/25: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB 
Rakesh Upadhyay36 minutes agoPrice analysis 9/25: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Bitcoin continues to face selling near $65,000, but the intensity seems to be reducing, paving the way for an upside
Dappradar’s Q3 Industry Report Shows Crypto Economy and Participants Are ‘Riding Out the Bear Market’
Dappradar’s Q3 Industry Report Shows Crypto Economy and Participants Are ‘Riding Out the Bear Market’ According to Dappradar’s latest crypto industry report that cover
Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns
Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano
Helen Partz1 hour agoCoinbase crypto exchange obtains payment license in SingaporeThe new MPI license comes one year after Coinbase’s initial in-principle approval in Singapore, enabling it to expand digital payment to
Quik․com Offers Registry of ․metaverse ․web3 and 8 Other NFT Domain TLDs
Quik․com Offers Registry of ․metaverse ․web3 and 8 Other NFT Domain TLDs sponsored Did you know?Due to the decentralized nature of NFT domains, users can host decentralized we
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards South Korea’s National Assembly finally passed a bill that provides a framework for the regul
Bitcoin mining will thrive under a Trump administration — MARA CEO
Vince Quill5 hours agoBitcoin mining will thrive under a Trump administration — MARA CEOMarathon CEO Fred Thiel said he would not comment on Harris’ policies because they are still unknown at this time.910 Total view