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Thailand appoints the founders of dao5 and Movement Labs as advisors, potentially establishing strategic reserves for BTC, ETH, and MOVE.

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TechFlow
450Words
Feb 6, 2025

According to Deep Tide TechFlow, local media Share2Trade reported that Wai Man Raymond Chu, the Director of the Thailand National Economic and Social Development Council (TIDC), announced the appointment of Tekin Salimi, the founder of dao5, and Rushi Manche, the co-founder of Movement Labs, as advisors.

Both advisors have a background with Polychain Capital and will assist Thailand in developing blockchain infrastructure. Rushi revealed on social media that their work will focus on national stablecoin tokenization and issuance, decentralized AI network training, as well as strategic reserve plans for assets like Bitcoin, Ethereum, and MOVE. TIDC, as Thailand's first institution focused on the digital ecosystem, aims to promote the country's digital economic transformation.

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