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Thailand is making waves 🌊 in the crypto world, embracing digital assets with innovation, regulations, and rising adoption. Let’s explore what’s trending in the Land of Smiles 😊✨! --- 📈 Crypto Adoption is Booming 🚀 Thailand is going all-in on crypto! 🎰 As of 2023, 13 million Thais (about 18% of the population) are holding digital assets 💎📱. The crypto fever took off during the pandemic 😷, and it hasn’t slowed down! ⏩💨 --- 🏛️ Government & Crypto: A Strong Partnership 🤝 Thailand isn’t just riding the wave 🌊—the government is actively supporting the crypto industry! ⚖️🏛️ 🔹 Tax-Free Trading 💰❌ – No taxes on crypto trades, helping investors keep more profits! 🤑 🔹 Bitcoin ETFs 📊 – Soon, you might be able to invest in Bitcoin ETFs directly from Thai exchanges! 🔥📉 🔹 CBDC (Digital Baht) 💴 – Thailand is testing a Central Bank Digital Currency (CBDC) to modernize payments! ⚡💳 --- 🌍 Thailand’s Crypto Hotspots 🏝️✨ 🚀 Phuket’s Bitcoin Paradise 🏖️ – A pilot project is in the works to make Phuket a Bitcoin-friendly destination! 🌟 Tourists could pay for hotels, food, and activities in crypto! 💳➡️₿ 💎 Luxury for Crypto 🏠💎 – Fancy buying a villa, supercar, or even a yacht in Thailand using Bitcoin? It’s already happening! 🚗⛵🏡 --- 🚨 Challenges & Risks ⚠️ Despite the excitement, there are challenges to tackle: ❌ Crypto Scams & Fraud 💀 – Authorities are cracking down on scam operations in the region! 🚔🔍 ⚠️ Crypto Addiction 📉😵 – Some people are getting addicted to high-risk trading, and Thailand now has rehab centers for crypto traders! 🏥🔄 --- 🎯 What’s Next for Crypto in Thailand? 🇹🇭 Thailand is proving itself as one of Asia’s crypto leaders! 🏆 With a strong community, government backing, and innovative projects, the future of digital assets here looks brighter than ever! ☀️🚀 💬 Will Thailand become a global crypto hub? Let’s see what the future holds! ⏳🔮d #Write2Earn #bitcoin #Web3

A town in Chhattisgarh, India, has started using the Avalanche blockchain to manage its land records, or rather, has implemented Avalanche to create a tamper-proof, immutable ledger for recording land ownership. This means that once Dantewada town’s record is added to the blockchain, it can no longer be altered or deleted without detection. It was announced that over 700,000 land records were digitized via the Office of Land Records. Sources stated Avalanche was chosen because of its high throughput, low latency, and robust security features. As such, these attributes make it an attractive option for government applications where reliability and speed are of utmost importance. This could be a major start for other towns and regions in India, especially when you consider that in many parts of the country, traditional land records are prone to issues such as fraud, corruption, and disputes over ownership. By transitioning to a blockchain-based system, Dantewada is looking to improve transparency and reduce administrative inefficiencies. The move is part of a broader push by local governments to digitize public records and leverage emerging technologies to strengthen governance and security. However, there’s more to this than just keeping land records safe, as we could also see an economic benefit. For instance, secure land records create a more trustworthy property market, make resolving disputes way faster, and open up opportunities for people to get loans by proving their ownership. Dantewada’s adoption of Avalanche could be a great example for other areas in India and developing countries. If it goes smoothly, it might convince more governments to give blockchain a try, and maybe even change how they handle public records for everyone. The move could be a prime case of how blockchain isn’t just for making money but can also help people in real, tangible ways. It can prove that this technology can solve administrative problems that have been around for a long time. When governments use blockchain, it makes the technology seem more trustworthy to the general public, which can, in turn, bring more ideas and investments into the blockchain and crypto world. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Michael Saylor dropped some breadcrumbs on Fox News ahead of the roundtable organized by the White House to discuss the strategic reserve of bitcoins. We already got a sneak peek yesterday of what is being prepared behind the scenes through the U.S. Secretary of Commerce. Howard Lutnick stated that bitcoin will have a unique status: The president is interested in a strategic reserve of bitcoins. He talked about it during his campaign, and I think it will be enacted this Friday. […] There is bitcoin, and then there are other cryptos that I think will be treated differently. Positively, but differently. Michael Saylor said nothing different last night. He believes that “the consensus emerging is to make bitcoin an element of a long-term strategic reserve for the country. But if you wanted to make various investments in a sovereign fund, it is up to the executive to decide.” As for how the U.S. government will finance its bitcoin purchases, Michael Saylor deflected the question. His personal position is to sell gold to amass millions of bitcoins, which would allow for two birds with one stone by devaluing the value of gold stocks around the world. His response on the TV set was, however, more measured: “A six-month reflection process is underway. The presidential task force has 12 members. The industry will participate. The Senate and House of Representatives will also participate. It is not for me to decide how things will be determined. But the bill proposed by Senator Cynthia Lummis suggests gradually purchasing a million bitcoins over a four-year period.” Matt Hougan , CEO of Bitwise, states that the reserve will be “almost entirely composed of bitcoins, and it will be larger than we think.” For Michael Saylor, bitcoin is a digital asset. It allows everyone to preserve their wealth over time, unlike bank accounts where dollars, euros, or yuan are eroded by monetary inflation averaging 7% per year. The wish of the CEO of Strategy is for the government to clarify this asset class so that “American citizens know they have an alternative to the Lottery or the stock market.” It will be essential to distinguish well between currencies, tokens, commodities, and securities. For him, bitcoin falls into the “commodity” category, which includes oil, gold, cocoa, etc. The reason being that it is “an asset without an issuer.” Digital currencies are stablecoins like Tether. And then, there are the tokens issued by companies like Ripple (XRP). Like the CEO of BlackRock, Mr. Saylor believes that stocks, bonds, and other financial assets will eventually be tokenized. When asked about the fact that some early bitcoiners view the arrival of states with suspicion, Saylor was pragmatic: “Satoshi gave us a protocol for prosperity open to eight billion people. But there are also 400 million businesses that need it, as well as every country on the planet. It makes sense for a country wanting to be prosperous to adopt bitcoin.” For him, China, Russia, and the rest of the world will eventually place their reserves in bitcoin. “Being first will allow for profit”, he stated, certainly thinking of the 10 trillion that the United States owes the rest of the world… Don’t miss our article: The hidden objectives of Donald Trump…

Ripple Chief Technology Officer David Schwartz has spoken about the company’s role in holding XRP. He said that the company is under no compulsion to hold its XRP reserves. His statement comes in light of fresh debate over the role of the firm in distributing XRP and the effect it may have on the value of the token. The debate was initiated by Bitcoin supporter and outspoken XRP critic, Pierre Rochard, who claimed that Ripple could sell its huge holdings of XRP without concern for its impact on investors. He proposed that this freedom of action reinforces the argument that XRP is not a security, in contrast to arguments that the firm must act in the best interest of token holders. Schwartz concurred with this view, pointing out that Ripple acts just like any business, making moves that are beneficial to its strategy. Comparing it to the art world, he equated XRP holding to holding one of the earliest works of a budding artist. Even though the investor might be wishing for future value creation, the artist isn’t obligated to make that a reality. “There’s no expectation that Ripple or any company should act against its own interests just to serve investors,” Schwartz said . Nonetheless, he assured the community that Ripple has been a long-established player within the crypto sector, holding considerable XRP reserves that it cannot sell hastily. This move has mitigated worries regarding an impulsive sell-off. His statements reflect the company’s position in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), as highlighted in our previous article. The regulatory body, which filed a lawsuit against Ripple in December 2020, claims that the company was responsible for ensuring XRP investors benefited financially. However, the company has consistently denied this claim, arguing that it has no such obligation. After Schwartz’s comments, a prominent Ripple critic, writing under the pseudonym “ScamDaddy,” brought attention to the debate on social media. According to him, Ripple’s prioritization of its business over XRP holders is not surprising and has always been the case. Schwartz replied by reminding that much of the misinformation came from those who doggedly contend that XRP is a security. He accused the said group of consciously spreading misconceptions regarding Ripple’s relationship to XRP. “It’s mostly the ‘XRP is a security’ crowd that deliberately created confusion about the relationship between Ripple and XRP,” Schwartz wrote on X. This fueled even more debate after XRPL validator “Vet” pointed out that most people who think that Ripple needs to keep its XRP also point out that the firm was culpable for minting the token. The disagreement over whether or not Ripple “issued” XRP has long been contentious. In reply, “ScamDaddy” admitted that the meaning of “issued” is still controversial but insisted that founders developed both the XRP Ledger and the digital currency prior to its distribution. Vet, though, rebutted this assertion and highlighted that the XRP Ledger existed before Ripple as a corporate entity. Earlier this week, David Schwartz highlighted how XRP’s price fluctuations impact numerous meme coins on the XRP Ledger (XRPL). These tokens, which rely heavily on automated market maker (AMM) liquidity pools, tend to mirror XRP’s price movements

$AUCTION people shorting this token with overbought STOCH, RSI climbing like crazy and MACD taking off. Those guys are about to get REKT. This thing is coming back to beyond 15 and depending on the summit, 48 dollar is still on the table. DYOR baby DYOR!