{"id":505147,"date":"2022-10-31T05:20:01","date_gmt":"2022-10-31T02:20:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/5000-miles-apart-thailand-and-hungary-to-jointly-explore-blockchain-tech\/"},"modified":"2022-10-31T05:20:01","modified_gmt":"2022-10-31T02:20:01","slug":"5000-miles-apart-thailand-and-hungary-to-jointly-explore-blockchain-tech","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/5000-miles-apart-thailand-and-hungary-to-jointly-explore-blockchain-tech\/","title":{"rendered":"# 5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2409a76cfbb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2409a76cfbb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/5000-miles-apart-thailand-and-hungary-to-jointly-explore-blockchain-tech\/#%E2%80%9D_5000_miles_apart_Thailand_and_Hungary_to_jointly_explore_blockchain_tech_%E2%80%9C\" >&#8221; 5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_5000_miles_apart_Thailand_and_Hungary_to_jointly_explore_blockchain_tech_%E2%80%9C\"><\/span>&#8221; 5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvYmZiYjVkMTYtMTZkOS00NTRlLWEzNjYtMmUyN2Q2MzAzNzlmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>The financial <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial sectors.<\/p>\n<p>The MOU, signed by the Thai Fintech Association (TFA) and the Hungarian Blockchain Coalition on Oct. 25, will see the two associations \u201cshare experiences, best practices and explore areas potentially beneficial for direct cooperation,\u201d according to a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/HunEmbassy.Bangkok\/posts\/pfbid02MxYkAXoYQjA7Nu5JbirDkjRAEnEcBLz7ZPdaaLbqbbfyBAc29hZGCEBnKXZEeY2cl\">post<\/a> by the Embassy of Hungary in Bangkok.<\/p>\n<p>TFA president Chonladet Khemarattana said that e-commerce, mobile payments, and digital currencies are growing rapidly in Thailand and that international cooperation is needed to further develop local financial technology, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bangkokpost.com\/tech\/2425337\/hungary-inks-blockchain-pact\">according<\/a> to an Oct. 29 report from the Bangkok Post.<\/p>\n<p>He also claimed 20% of the world\u2019s crypto holders are in Thailand, the country placed eighth on the 2022 Global Crypto Adoption Index released in September by analytics firm Chainalysis and crypto payments company <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">Trip<\/a>leA <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/triple-a.io\/crypto-ownership-data\/\">estimates<\/a> almost 6.5% of the population owns cryptocurrency, <\/p>\n<p>The Hungarian Blockchain Coalition was jointly created by the country\u2019s Ministry of Innovation and Technology and the National Data and Economy Knowledge Centre in March 2022, while\u00a0the Thai Fintech Association is a non-profit founded in 2016 with the aim of representing the local financial technology industry including cryptocurrency exchanges.<\/p>\n<p>The pact comes as Thailand\u2019s central bank, along with some of the country\u2019s commercial banks, were involved in the testing\u00a0of a cross-border wholesale central bank digital currency (CBDC) transaction platform using distributed ledger technology in September.\u00a0<\/p>\n<p>The Bank of Thailand also announced in August it was looking to start a pilot of a retail CBDC by the end of 2022 at a limited scale in the private sector among roughly 10,000 users. It would test the digital currency using \u201ccash-like activities\u201d such as paying for goods or services.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto exchange Bitkub targeted by Thai SEC with wash trading claims<\/em><\/strong><\/p>\n<p>Meanwhile, Thailand\u2019s Securities and Exchange Commission (SEC) has enacted some restrictions on crypto this year, with it banning the use of cryptocurrencies for payments in March saying they \u201ccould affect the stability of the financial system.\u201d<\/p>\n<p>The regulator is also cracking down on crypto lending platforms with the SEC planning to prohibit crypto exchanges from providing or supporting digital asset depository services. <\/p>\n<p>Hungary seemingly takes a similar hard stance on cryptocurrencies, in February the governor of the Hungarian National Bank, Gy\u00f6rgy Matolcsy, wanted a blanket ban on all crypto trading and mining across the European Union saying it \u201cserviced illegal activities\u201d and was \u201cspeculative.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/5-000-miles-apart-thailand-and-hungary-to-jointly-explore-blockchain-tech\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; 5,000 miles apart: Thailand and Hungary to jointly explore blockchain tech &#8220; The financial technology associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial sectors. The MOU, signed by the Thai Fintech Association (TFA) and the Hungarian Blockchain Coalition&#8230;<\/p>\n","protected":false},"author":1,"featured_media":505148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvYmZiYjVkMTYtMTZkOS00NTRlLWEzNjYtMmUyN2Q2MzAzNzlmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74355,70610,76418,4965,71469],"class_list":["post-505147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-adoption","tag-finance","tag-hungary","tag-technology","tag-thailand"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/505147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=505147"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/505147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/505148"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=505147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=505147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=505147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}