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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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
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01:46 10.01.2025
12:20 26.12.2024
08:00 16.12.2024
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