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The Hungarian Embassy And Thai Fintech Association To Jointly Explore Blockchain Tech

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The Thai and Hungarian Financial Technology Associations have signed a bilateral memorandum of understanding (MOU) to promote the use of blockchain technology in their respective financial sectors. (TFA) and the Hungarian Blockchain Coalition will allow the two organizations to “share experience, best practices, and explore potentially beneficial areas for direct collaboration.” With the rapid expansion of e-commerce, mobile payments and digital currency in Thailand, there is a need to advance local financial technology. Furthermore, he said that his 20% of global crypto holders reside in Thailand, which ranks him ninth in the Global Crypto Adoption Index to be released in 2022. Business TripleA.The National Data and Economy Knowledge Center and Hungary’s Ministry of Innovation and Innovation will jointly establish the Hungarian Blockchain Union in March 2022, and in 2016, Thai Finn. The Tech Association was established as a non-profit organization representing the local financial technology sector. The agreement was reached at the same time as Thailand’s central bank, with several commercial banks participating in a test project for a cross-border wholesale central bank digital currency (CBDC) trading platform using distributed ledger technology in September. . Moreover, the Bank of Thailand said in August that it plans to launch a small-scale retail CBDC pilot program in the private sector with about 10,000 customers by the end of 2022. Using “cash-like activities”, such as purchasing products and services, will be used to test digital currencies. Hungarian National Bank Governor Matrusi has called for a complete ban on all crypto assets and mining within the European Union, calling them “contributing to illegal activity” and “speculative”. rice field. This shows that Hungary is taking a similarly tough stance on cryptocurrencies.Shashank is the founder of yMedia. He embarked on cryptocurrency in his 2013 and is an ETH maximalist.

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