Close Menu
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok
    TopBuzzMagazine.com
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok
    • Home
    • Movies
    • Television
    • Music
    • Fashion
    • Books
    • Science
    • Technology
    • Cover Story
    • Contact
      • About
      • Amazon Disclaimer
      • Terms and Conditions
      • Privacy Policy
      • DMCA / Copyrights Disclaimer
    TopBuzzMagazine.com
    Home»Technology»Thailand, Hungary Join Hands to Dive Into Blockchain Tech Together
    Technology

    Thailand, Hungary Join Hands to Dive Into Blockchain Tech Together

    By AdminNovember 9, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Over 5,000 miles apart, Thailand and Hungary have decided to come together to explore the sector of blockchain technology and multiply its use-cases. A memorandum of understanding (MoU) has been signed between the financial technology associations of both the nations to work on the initiative. Both of the countries have been trying to find ways to facilitate safe and secure cross-border payment solutions, where the blockchain technology could prove to be a useful tool. Blockchain forms for the underlaying technology for majority Web3 applications like cryptocurrencies, metaverse, and NFTs among others.

    The MoU has been signed between the Hungarian Blockchain Coalition and the Thai Fintech Association (TFA).

    “The memorandum on the cooperation between the Thai Fintech Association and the Hungarian Blockchain Coalition, which aims to help the two organisations to share experience, best practices, and explore areas potentially beneficial for direct cooperation,” the Embassy of Hungary in Bangkok wrote in an official Facebook post.

    Chonladet Khemarattana, the President of the TFA has claimed that developing the local fintech sector could significantly benefit from the e-commerce, online payments, and digital currency activities in the region.

    Both, Thailand and Hungary have been taking a cautious approach towards the crypto sector fearing illicit use of these highly valuable assets. In February this year, the governor of the Hungarian National Bank, György Matolcsy had proposed a ban on crypto trading and mining.

    Similarly, Thailand’s Securities and Exchange Commission (SEC) had banned the use of cryptocurrencies for payments to safeguard its financial setup against potential disruptions. But Thailand is really looking to use blockchain to ready its fintech sector for the Web3 future. The tourist-favourite nation is looking to launch a pilot of a retail CBDC by 2022 end. CBDC or central bank digital currency work just like crypto, but are issued and regulated by the central banks.

    Affiliate links may be automatically generated – see our ethics statement for details.

    For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

    Twitter, Facebook, Others Will Have to Abide by Local Laws, Says Minister Floppy Disk Business Still Booming, Says Supplier Leaving Internet Stunned

    Read The Full Article Here

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    11 Best Housewarming Gifts We Can't Stop Using (2025): Coasters, Blenders, Sheets

    October 19, 2025

    A look at some US energy companies linked to AI infrastructure, such as Sam Altman-backed Oklo, whose stocks have soared despite having little to no revenue (Jinjoo Lee/Wall Street Journal)

    October 19, 2025

    The New Power of Far-Right Influencers

    October 18, 2025

    Inside Hyperliquid, a booming DEX for perpetual crypto futures still controlled by a small insider group, raising questions about how decentralized it really is (Muyao Shen/Bloomberg)

    October 18, 2025

    Some of Our Favorite Noise-Canceling Headphones Are $100 Off if You Act Fast

    October 17, 2025

    Reddit announces that it is expanding its Google Gemini-powered search experience to five new languages: French, German, Spanish, Italian, and Portuguese (Ivan Mehta/TechCrunch)

    October 17, 2025
    popular posts

    Game of Thrones Franchise Expansion, Award News and Prince Harry’s

    This coding laptop just became a student laptop thanks to

    Interview with Bonnie Hardy, Author of A Very Tidy Death

    According to Zara, Kitten Heel Boots Are the Style to Know About

    Was ‘Oumuamua, the First Known Interstellar Object, Less Weird Than

    Bronzer vs. Contour: The Difference and How to Use Them Both

    James Webb telescope reveals collection of ancient galaxies that ‘transformed

    Categories
    • Books (3,480)
    • Cover Story (8)
    • Events (20)
    • Fashion (2,567)
    • Interviews (47)
    • Movies (2,780)
    • Music (3,065)
    • News (162)
    • Politics (6)
    • Science (4,631)
    • Technology (2,775)
    • Television (3,505)
    • Uncategorized (932)
    Archives
    Facebook X (Twitter) Instagram Pinterest YouTube Reddit TikTok
    © 2025 Top Buzz Magazine. All rights reserved. All articles, images, product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Terms of Use and Privacy Policy.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT