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Thailand explores Bitcoin adoption and digital financial innovation initiatives

Former Prime Minister Thaksin Shinawatra advocates for Thailand to embrace Bitcoin, predicting its value could soar to $850,000. The current government, led by his son, is exploring Bitcoin payments and stablecoins, particularly in tourist areas, to enhance digital financial innovation and boost the economy.Additionally, a $14.3 billion digital wallet initiative aims to support 50 million citizens, while Siam Commercial Bank has launched Thailand's first stablecoin-powered cross-border payment system. The Thai SEC is also working to improve access to digital assets for institutional investors.
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Finance & Economy, News Article
08:00 16.12.2024

chinese electric vehicles challenge japanese dominance in southeast asian markets

Japanese automakers are facing significant challenges in Southeast Asia as Chinese brands gain market share, particularly in the electric vehicle sector. Despite a long-standing dominance, Japanese companies like Toyota and Nissan are losing ground due to their slow transition to electric models, with sales dropping sharply across the region. In response, they are investing billions to adapt their production for electric vehicles, but the competition from affordable Chinese EVs poses a serious threat to their market position.
CleanTechnica
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Technology & Innovation, Market Report
02:47 02.12.2024
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