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Thailand’s new government is utilizing blockchain and crypto wallets to disburse $280 cash handouts to citizens. According to a report on Sept. 7, Thailand’s newly appointed government, Pheu Thai, is gearing up to utilize digital ledger technology to facilitate its economic stimulus initiative. Although specifics are yet to be revealed, it has been confirmed that the financial aid, amounting to 10,000 Thai baht (approximately $280), will be orchestrated through a blockchain system, ensuring high security and full traceability of the transactions. At this stage, whether the government will employ an existing blockchain solution or develop a bespoke system for this initiative remains unclear. Beneficiaries of this scheme will receive a digital wallet , which will be operational for six months, allowing them to make purchases at local establishments within a four-kilometer radius of their registered residences. This move is anticipated to bridge the gap in digital money...

CME Group will launch Bitcoin (BTC) and Ether (ETH) reference rates for the Asia Pacific region. On Aug. 16, CME Group announced it would launch the new reference rates on Sept. 11. CME CF APAC Bitcoin and Ether Reference Rates launch Sept. 11, providing daily prices at 4 p.m. HKT and SGT and complementing existing London and New York time rates. https://t.co/j3r7yCfe45 pic.twitter.com/6tOadpk51M — CME Group (@CMEGroup) August 17, 2023 The senior director for digital currency products at CME Group, Giovanni Vicioso, indicated that introducing the latest reference rates aims to address the changing requirements of international players in the expanding digital asset industry. Vicioso pointed out that this year saw nearly 37% of their cryptocurrency trades occur outside U.S. business hours, with a significant 11% originating from the APAC region . He further commented that including APAC reference rates will empower market players to hedge against cryptocurrency price fluc...

The Deputy of Indonesia’s Ministry of Tourism and Creative Economy explains how NFTs and cryptocurrency can help solve social and economic challenges within Indonesia. One of the primary benefits of Blockchain Technology is the ability to record and capture information in a permanent, tamper-proof record. Once data is on a Blockchain network, it cannot be altered, making it an ideal solution for record-keeping.  Tokenized assets, such as nonfungible tokens (NFTs), can also be placed on a blockchain. This can verify ownership while demonstrating that certain events occurred at particular times. For example, the Meta History Museum tokenized data from the war in Ukraine in May 2022, placing the information on a blockchain network to preserve records of the war. Ensuring that specific events take place is also becoming more important than ever due to the rise of artificial intelligence (AI) and its ability to generate deep fakes, along with historical images that may appear realistic. N...