{
}
The central bank has issued digital currency to seven banks, including Kookmin and Shinhan, as part of a pilot program. Meanwhile, Xiaomi plans to raise up to $5.27 billion through a share placement for business expansion and tech investment. In Japan, private equity firms are targeting the fragmented HR tech market, driven by low interest rates and a focus on governance, despite challenges from competition and global firms.
Indonesia's new sovereign wealth fund, Danantara, has unveiled its advisory team, which includes notable figures such as former Presidents Joko Widodo and Susilo Bambang Yudhoyono, economist Jeffrey Sachs, hedge fund manager Ray Dalio, and former Thai Prime Minister Thaksin Shinawatra. Launched to support a US$900 billion asset management strategy, Danantara aims to drive 8% economic growth by 2029 through the consolidation of state-owned enterprise shares and reinvestment in key sectors like natural resources, AI, energy, and food security. CEO Rosan Roeslani expresses confidence that the high-profile advisory board will enhance market sentiment and job creation.
Former Thai PM Thaksin Shinawatra has called for the regulation of stablecoin trading, asserting it carries "no risk," and proposed legalizing online gambling to tap into an estimated 100 billion baht in annual tax revenue. He suggested Phuket as a pilot for crypto payments and emphasized the need for a regulatory framework to monitor gambling activities. Thaksin's influence persists in Thai politics, with his daughter currently serving as Prime Minister, as the government explores digital currency initiatives and gambling reforms.
Former Thai PM Thaksin Shinawatra advocates for the legalization of online gambling and the trade of stablecoins, citing potential tax revenues of over $4 billion from the gambling sector. He emphasizes the need for regulatory frameworks and suggests using a passport system for monitoring online gambling activities. Additionally, he proposes Phuket as a pilot site for crypto payments, highlighting the benefits of adopting stablecoins in Thailand's economy.
Thai police seized 996 Bitcoin mining devices from JIT Co in Chon Buri for allegedly diverting electricity to power the rigs, resulting in an estimated theft of hundreds of millions of baht. The company reportedly used modified power meters to avoid detection, operating legally during the day while mining at night. The investigation continues as authorities seek to identify those responsible for the electricity theft.
Japan is taking a cautious approach to Bitcoin adoption, with Prime Minister Shigeru Ishiba highlighting concerns over its volatility and lack of legal framework for foreign exchange reserves. In contrast, Thailand is advancing a Bitcoin pilot project in Phuket, aiming to enhance its economy and attract tech-savvy tourists, supported by industry leaders like Binance.
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.
Thaksin Shinawatra
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Indonesia and Qatar launch four billion dollar investment fund partnership
private equity firms target japan's fragmented hr tech market for growth
United States Dollar
South Korean Won
XIAOMI-W
Industrial Bank of Korea
KOR
SGP
CHN
IDN
Timmy Loen
Joko Widodo
Jeffrey Sachse
Casey Abel
Ray Dalio
Thaksin Shinawatra
Susilo Bambang Yudhoyono
Show more
10:30 26.03.2025
Indonesia's Danantara unveils high-profile advisory team for asset management strategy
United States Dollar
PT Bank Mandiri (Persero) Tbk
THA
IDN
Jeffrey Sachse
Joko Widodo
Thaksin Shinawatra
Susilo Bambang Yudhoyono
Ray Dalio
Show more
10:40 24.03.2025
Thaksin Shinawatra proposes crypto regulation and online gambling legalization in Thailand
00:19 15.01.2025
former thai pm advocates for crypto and online gambling legalization
10:23 14.01.2025
Thai police confiscate nearly 1000 Bitcoin miners for electricity theft
01:46 10.01.2025
Japan's cautious stance contrasts with Thailand's ambitious Bitcoin pilot project
12:20 26.12.2024
Thailand explores Bitcoin adoption and digital financial innovation initiatives
08:00 16.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Market Analysis and Predictions
Industry Mergers & Acquisitions
Banking Regulations
Financial Scams and Security
Retail and Consumer Goods
CEO Changes
Global Trade Developments
Central Bank Actions
Supply Chain Management
Startups & Entrepreneurship
Government Policies
Energy Sector Developments
AI Innovations
Government Economic Policies
Hedge Funds & Private Equity
Countries:
Companies:
Barclays PLC
Tesla, Inc.
JPMorgan Chase & Co.
Bank of America Corporation
NVIDIA Corporation
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Apple Inc.
UniCredit S.p.A.
UBS Group AG
Amazon.com, Inc.
Banco BPM S.p.A.
Credit Suisse Real Estate Fund Siat
Citigroup Inc.
Google Inc.
Deutsche Bank RV Global PP
Morgan Stanley
BNP Paribas SA
ING Groep N.V.
Capital One Financial Corporation
Currencies:
United States Dollar
Euro
Indian Rupee
Swiss Franc
Chinese Yuan
British Pound Sterling
Japanese Yen
Danish Krone
Hong Kong Dollar
Australian Dollar
United Arab Emirates Dirham
Swedish Krona
Singapore Dollar
South Korean Won
Canadian Dollar
Russian Ruble
Vietnamese Đồng
Malaysian Ringgit
Offshore Chinese Yuan
Kuwaiti Dinar
People: