The Thai Digital Asset Association (TDAA) was officially launched on November 14, 2019 at the Securities Exchange Commission (SEC) of Thailand. The TDAA aims to explore more opportunities in utilizing blockchain technology to drive Thailand and make people understand more about blockchain and digital assets.
The association was formed with members from blockchain media outlets and market participants such as Cryptomind, Bitkub, SIX Network, Smart Contract Thailand, Kulap, Bitcoin Addict, Siam Blockchain, and Blockchain Review with the support of Thai government agencies such as the Digital Economy Promotion Agency (Depa) and the Securities Exchange Commission (SEC) of Thailand.
As part of the opening ceremony, the topic “Opportunities of Blockchain and Digital Assets to Develop the Country” was discussed during the mock panel discussion ahead of “Blockchain Thailand Genesis 2019” event that will be held on November 30, 2019. Sanjay Popli, CSO of Cryptomind Group, presided over the discussion.
Prin Panitchapak, the head of the Democrat Party’s economic team and a board member of the SEC, and Chatchat Sitthipan, former transport minister, are the honorary advisors to the association.
Prin said that more and more startups in Thailand are expected to launch digital assets such as tokenization with the utilization of blockchain in various industries. The SEC is also expediting the process and rolling out more regulations to control the emerging technology and look after the industries.
Meanwhile, Chatchat Sitthipan also commented that blockchain should be practically used for various purposes such as digitizing information, blockchain in healthcare, and blockchain for elections, which will really benefit the public and the country.
In his view, technology should be integrated with work and businesses. He said digital assets are not easy to understand for everyone outside the industry. He also urged investors to truly understand digital assets before investing their money on them.
Nathee Thepphoch, managing director of Om Platform, said the TDAA was established with members from the same industry to disseminate accurate information to the public and make them accurately understand what blockchain and digital assets are.
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