What To Know
- The Thai Digital Asset Association (TDA) is urging the government to accelerate the development of its digital asset policy framework, warning that Thailand risks falling behind regional competitors in the rapidly expanding global crypto market.
- The goal is to highlight Thailand’s readiness to serve as a major hub for blockchain and crypto investment in Southeast Asia.
Bangkok Business News: The Thai Digital Asset Association (TDA) is urging the government to accelerate the development of its digital asset policy framework, warning that Thailand risks falling behind regional competitors in the rapidly expanding global crypto market. This Bangkok Business News report outlines how the country, once an early leader in the sector, now faces mounting pressure to catch up with neighboring economies that have embraced innovation more swiftly.
Thailand’s crypto industry urges urgent policy reforms as regional rivals surge ahead.
Image Credit: StockShots
Thailand’s Early Lead Now Under Threat
Thailand was among the first countries in Asia to introduce regulations governing cryptocurrency exchanges, token offerings, and digital custodians. However, progress has since slowed. TDA President Nares Laopannarai revealed that while Thailand ranked eighth in the 2022 Global Adoption Index, it has now slipped to seventeenth, overtaken by countries like Singapore, Vietnam, and Indonesia that have rapidly modernized their regulatory landscapes and encouraged blockchain-driven entrepreneurship.
Neighbors Move Ahead
Across the region, governments are recognizing digital assets as strategic economic tools. Nations such as Malaysia, South Korea, Japan, and Vietnam are moving quickly to integrate stablecoins, blockchain identity systems, and tokenized investments into national development plans. Meanwhile, Thailand has focused on limited pilot projects like “G Tokens” and proposed crypto-linked payment systems, but experts say this is not enough to maintain momentum. The TDA has called on the incoming administration to make digital asset development a central part of its policy platform.
Thailand Blockchain Week 2025 Aims to Reignite Momentum
In an effort to showcase Thailand’s potential, the TDA and its partners are organizing Thailand Blockchain Week 2025 at True Digital Park. The event, supported by the Ministry of Digital Economy and Society, will bring together major players from both local and international crypto sectors, including representatives from blockchain networks, fintech investors, and digital innovators. The goal is to highlight Thailand’s readiness to serve as a major hub for blockchain and crypto investment in Southeast Asia.
A Narrow Window for Action
The global digital asset industry is evolving at a breathtaking pace, driven by trends such as tokenized real-world assets, central bank digital currencies, and institutional investment in blockchain infrastructure. If Thailand fails to act decisively, it risks losing valuable opportunities to attract international capital and talent. The TDA emphasizes that the regulatory groundwork is already strong—what the nation needs now is a clear strategy, policy continuity, and executional urgency.
Thailand stands at a pivotal moment in the global digital finance landscape. A proactive, forward-looking policy could secure its position among the world’s top ten crypto nations and ensure long-term competitiveness in the digital economy.
For the latest on the crypto policies in Thailand, keep on logging to Bangkok Business News.
