Rising Star Thai Politician Experiments with ATM Bitcoin in Switzerland

Asia Blockchain Review
June 6, 2019

Thanathorn Juangroongruangkit, Leader of Thailand’s Future Forward Party and a rising star in the country’s political arena, recently visited Zug, Switzerland during a trip to seek innovation that can be adapted to drive development in Thailand, where he purchased Bitcoin using an ATM.

According to Siam Blockchain, the party leader was shown in a video clip testing a cryptocurrency ATM, where he purchased 0.01 BTC.  

The ATM was located at Crypto Valley Labs, a blockchain co-working space. The machine offers services in five languages and allows users to buy and sell cryptocurrencies on the market, such as Bitcoin, Ethereum (ETH), and Monero (XMR).

After buying BTC, Thanathorn spoke with an assistant from Crypto Valley Labs, who said the ATM provides the general public with access to cryptocurrencies. Moreover, the ATM lets users pay for rent and other utilities with cryptocurrencies.

Zug has been recognized as Switzerland’s ‘Crypto Valley.’ Its government promotes both local and foreign investors in the blockchain industry with laws and regulations that enhance the ease of doing business in the blockchain and crypto industry.

Thanathorn asserted that Bitcoin and blockchain technology have the potential to benefit several industries in Thailand.

According to the Future Forward Part Leader, “With the rise of blockchain technology, Thailand has the opportunity to promote its people to participate in the blockchain community. If we can focus on developing blockchain, we can become one of the leaders in this industry.”

Source: siamblockchain.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Gaming Platform Enjin Signs a Partnership with HashPort Accelerator to Enter Japan
Leading blockchain-based gaming platform Enjin has announced a strategic partnership with Japanese H...

August 18, 2019

Singapore’s Central Bank Introduces Sandbox Express
The Monetary Authority of Singapore recently revealed the agency has approved the fast track Sandbox...

August 18, 2019

Shenzhen Firms Issue 6Mil. Blockchain Invoices in 12 Months
The Chinese city of Shenzhen has reportedly issued almost 6 million blockchain-based invoices over t...

August 17, 2019

Thailand Considers Extending AML Regulations to Crypto
Thailand’s Anti-Money Laundering Office has revealed that it may extend AML regulations to include c...

August 17, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us