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Thailand to Test Crypto Payments for Tourists with Phuket Pilot Project

Fintech News

The initiative, announced by Deputy Prime Minister and Finance Minister Pichai Chunhavajira, aims to allow foreign visitors to make payments using Bitcoin and other digital currencies, offering a seamless alternative to cash transactions.

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Asia Moves to Regulate Stablecoins Amid Growing Adoption: Report

Fintech News

This stablecoin has a market capitalization of more than US$10 million, according to Coinmarket cap, and has seen over US$8 billion in transaction volume. This makes XSGD one of the worlds largest non-USD stablecoins. This ban covers not only the trading and use of these assets, but also their mining.