Did you know Thailand’s former Prime Minister thinks the country should study crypto? Why is that so important?

Yes! He believes that as the world moves towards digital currencies, Thailand needs to keep up to stay relevant. He said that in the future, there might even be more cryptocurrencies than countries.

More cryptocurrencies than countries? That’s crazy! But why should Thailand care? They don’t have to use crypto, right?

True, they don’t have to use it yet, but studying it could help them prepare for a digital future. Many countries are exploring how cryptocurrencies can impact trade, finance, and even their economies. Thailand doesn’t want to fall behind.

Oh, I see. So, it’s not just about using crypto. It’s about understanding it, right?

Exactly! For example, Thailand has already started experimenting. Their government launched a crypto regulatory sandbox, where companies can test new ideas without worrying about breaking laws.

Sandbox? That sounds like playing with toys!

It does sound fun, but it’s serious business. A sandbox is like a testing zone for new financial technologies. Regulators give companies some freedom to experiment while keeping an eye on them.

That’s smart! What else is Thailand doing with crypto?

They’ve done a lot recently! The government gave 10,000 baht in digital cash to millions of citizens as a stimulus. Their second-biggest bank now offers crypto custodian services. Plus, they’re working with Hong Kong to test cross-border payments using tokenized money.

Wow, they’re really diving into it. But is this all safe? Crypto seems risky to me.

That’s a good point. It can be risky because of its volatility. That’s why Thailand’s SEC is working on rules to make crypto safer, like allowing mutual funds to invest in it. The idea is to encourage responsible growth while protecting investors.

So, it’s about balance—taking advantage of crypto but not letting it become a problem?

Exactly. The former PM thinks that by learning about crypto now, Thailand can avoid mistakes later. Plus, it could help the country stay competitive, especially with the global economy shifting towards digital assets.

Makes sense. I guess if crypto is the future, Thailand can’t afford to ignore it. Do you think other countries are doing the same?

Definitely! Countries like Singapore and Hong Kong are already leaders in crypto adoption. If Thailand wants to stay competitive in the region, it has to keep up with them.

Got it. Learning about crypto sounds more important than I thought. Maybe I should start studying it too!

That’s a great idea! The more you understand it now, the better prepared you’ll be for the future. Let’s learn together!