The Thailand International Digital Business & Finance Center has appointed Movement Labs co-founder Rushi Manche and Dao5 founder Tekin Salimi as advisors to advance its blockchain technology.
According to local media Kaohoon International, Director of the TIDC, Wai Man Raymond Chu, announced that Salimi and Manche will be joining the center as advisors. He hopes the inclusion of two crypto industry founders will be able to foster growth and support for Thailand’s crypto and blockchain endeavors.
“This collaboration occurs at a pivotal moment as the nation embarks on the era of digital finance, which serves as a cornerstone for economic transformation,” said Chu.
TIDC is an organization supported by Thailand’s Ministry of Digital Economy and Society and National Telecom Public Company Limited. The center is committed to developing Thailand’s blockchain technology and stablecoin infrastructure, by promoting crypto adoption and strengthening Thailand’s digital economy.
According to the report, Dao5 founder Tekin Salimi’s role as a TDIV advisor will involve giving guidance on how Thailand can position itself as a regional hub for blockchain investment and innovation. He will also aid the center in creating policies and regulatory frameworks that can combine blockchain technology and Thailand’s financial sector in a way that is “secure and sustainable.”
On the other hand, Movement Labs (MOVE) co-founder Rushi Manche will play a significant part in developing a secure and scalable blockchain environment in Thailand. Manche’s experience in blockchain security and smart contract programming will be utilized to advance the financial ecosystem in Thailand and ensure it can protect itself against cyber security threats.
In addition, because Movement Labs’ blockchain is currently in talks of collaborating with Elon Musk’s Department of Government Efficiency or DOGE (DOGE), the TDIC hopes that Manche will be apply Movement Labs’ recent developments from DOGE in order to reduce costs and increase transparency within Thai government operations.
Thailand’s quest to advance its crypto hub
TDIC’s mission is to transform Thailand into a “leader in blockchain innovation” which it hopes will end up attracting new businesses, create job openings and bring about financial inclusion in the region.
In recent months, Thailand has been considering a number of pro-crypto initiatives in order to advance its financial sector. On Feb. 3, the Thai Securities and Exchange Commission announced it is developing a DLT-based trading platform, which would allow securities firms to take part in digital token markets.
Thailand’s former Prime Minister, Thaksin Shinawatra, has long been an advocate of cryptocurrency, encouraging the government to take on a more pro-crypto approach and introducing a plan to launch a crypto sandbox in Phuket.
