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Asia Express: Thailand's National Airdrop, Delio Users Left Disadvantaged, Vietnam Emerges as Leading Crypto Country

Asia Express: Thailand’s National Airdrop, Delio Users Left Disadvantaged, Vietnam Emerges as Leading Crypto Country

– Thailand is planning a national airdrop in which every citizen 16 years and older will receive 10,000 baht ($285) in a “utility type 1” token.

– Real estate developer and crypto investor Srettha Thavisin, who was elected as Thailand’s prime minister, promised the basic income stimulus via digital currency during his campaign.

– The funding for the airdrop will come from tax collection in the 2024 fiscal year, with a total budget estimate of 560 billion baht ($16 billion).

– South Korean Bitcoin lender Delio, which holds over $1.2 billion in Bitcoin and Ether, is expecting a recovery rate of just 50% to 70% on its assets.

– Delio suspended deposits and withdrawals after disclosing significant counterparty exposure to fellow South Korean Bitcoin lender Haru Invest, which is currently in bankruptcy proceedings.

– Vietnam is ranked first in the world in crypto adoption, with up to 19% of its population between the ages of 18 and 64 using digital assets.

– Vietnam is home to around 200 blockchain projects and is expected to generate $109.4 million in revenue from crypto exchanges this year.

– Binance Japan plans to list 100 coins and tokens as soon as possible, and its parent exchange, Binance, has surpassed 150 million in user count with an average daily trading volume of $65 billion.

– The City of Shenzhen in China pledged 15 million digital yuan ($2.1 million) for municipal airdrops over the next three years as part of the promotion of the digital Chinese yuan central bank digital currency.

– China’s central government has been promoting the digital yuan CBDC as a means of stimulating the country’s economy, with over $123 billion in cumulative transactions since 2021.

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