🇹🇭Thailand Opens Doors to Cryptocurrency for Tourists Starting August 18
The new TouristDigiPay program in Thailand allows visitors to exchange cryptocurrency for Thai baht starting today. This initiative will run for the next 18 months under regulatory supervision.
Foreign nationals can convert crypto into baht through licensed operators and pay for goods and services via electronic payment services. Direct crypto payments are not part of the program.
It's important to note that this project isn't about promoting digital assets or permitting their use for payments within Thailand. The "sandbox" is launched purely due to tourist interest. Nonetheless, all participating TouristDigiPay services must adhere to anti-money laundering regulations, and users will need to undergo verification.
#thailand#crypto#btc
🚀 Barclays Analysts: Asian Central Banks Likely to Maintain Monetary Policy Amid Middle East Conflict
On April 13, Barclays Bank's fixed income, foreign exchange, and commodities research team released a report suggesting that Asian central banks may keep their monetary policies unchanged in the short term due to ongoing Middle East conflicts. According to Jin10, the analysts noted that the Monetary Authority of Singapore is likely to maintain its current policy this week, expressing concerns over the risks of extreme negative growth rather than inflation. Meanwhile, Barclays believes that unless the U.S. dollar significantly depreciates against the Indonesian rupiah before the upcoming Bank Indonesia meeting, the Indonesian central bank is unlikely to quickly resume its rate-cutting cycle. Additionally, the central banks of Thailand and the Philippines, which are also holding meetings this month, are expected to remain on hold.
#Barclays#AsianCentralBanks#MonetaryPolicy#MiddleEastConflict#Singapore#Indonesia#Thailand#Philippines#InterestRates#BankIndonesia#USdollar#Rupiah#RateCut
Is #Bhutan Selling $BTC?
The Royal Government of Bhutan moved 375 $BTC worth $25.19M to a wallet that has previously transferred $BTC to #Galaxy Digital.
https://intel.arkm.com/explorer/entity/druk-holding-investments
https://x.com/OnchainLens/status/2038882688032276732
Follow @onchainlens for more onchain updates
Happy Independence Day, Sri Lanka 🇱🇰
🎉 Celebrating freedom, resilience, and the spirit to build a brighter future together.
#SriLanka#IndependenceDay#HTX
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🇵🇭Grab, Southeast Asia's largest super app with 44.5 million active monthly users, has just announced that users in the Philippines can now top up their GrabPay wallets using cryptocurrencies. 💸
#grab#crypto#philippines
🚀 Bhutan's Bitcoin Mining Activities May Have Slowed Amid Economic Pressures
Bhutan may have halted or reduced its Bitcoin mining operations after selling 70% of its Bitcoin holdings. According to Foresight News, this move contrasts with other major institutions and sovereign nations that are increasing their cryptocurrency and gold reserves. Bhutan's hydropower is reportedly being redirected to supply electricity to neighboring India rather than being used for Bitcoin mining. Economic pressures, along with declining Bitcoin prices, increased network difficulty, and halving pressures, are squeezing mining profitability. As of now, Druk Holding and Investments, the sovereign wealth fund managing Bhutan's Bitcoin assets, has not publicly commented on any asset transfers or the status of its mining operations.
#Bhutan#Bitcoin#Cryptocurrency#BitcoinMining#Hydropower#EconomicPressure#SovereignWealthFund#MiningProfitability#India#DigitalAssets
🚀 India Accuses Pakistan of Sponsoring Terrorism Amid Ongoing Tensions
India has been actively working to depict Pakistan as a supporter of terrorism following a brief armed conflict between the two nations nearly a year ago. Bloomberg posted on X, highlighting India's efforts to influence international perception of its nuclear-armed neighbor. The Indian government has been urging other countries to reconsider their diplomatic and economic engagements with Pakistan, citing concerns over its alleged involvement in terrorist activities. This campaign comes amid ongoing tensions between the two countries, which have historically had a contentious relationship. The situation remains delicate, with both nations maintaining significant military capabilities, including nuclear arsenals.
#India#Pakistan#Terrorism#Diplomacy#InternationalRelations#MilitaryTensions#NuclearWeapons#Geopolitics
🌟#HTX Cares in Bangladesh!🇧🇩
❤️ On Dec 17, we visited Chandinagar Bargul Darul Quran Qawmi Madrasa & Orphanage and delivered care packages—food, school supplies, cakes & yogurt—to bring smiles to the kids’ day. 💙
Together, we can make a difference!
#HTXCares#GivingBack#Bangladesh
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