Rumor has it that Fuyuancoin is coming to Thailand

     Recently there have been rumors that Fuyuan Wealth Group will vigorously promote Fuyuan Coin in Thailand and will launch a new Fuyuan Coin trading center. The platform is already under active construction, but the Fuyuan Coin official has not made any statement on the authenticity of this matter.

As early as October 30, 2015, Fuyuan Wealth Group held the "China Digital Encryption Finance Series Summit Forum and Entering Thailand Signing Ceremony" in Zhengzhou. Therefore, the recent rumors that Fuyuan Coin is about to enter Thailand are quite true.

According to industry insiders, if the news is true, Fuyuan Coin will expand its main market in Southeast Asia based in Thailand. The trading center under construction will also become the third trading center of the Fuyuan Coin trading system after the Fuyuan Coin mainland trading center and the Hong Kong trading center.

On New Year's Day 2016 , the Fuyuan Coin Hong Kong Trading Center was officially opened and became the first offshore trading center established for a single currency in the field of domestic digital currency. At that time, the Fuyuan Coin Marketing Department said: "The launch of the trading platform in Hong Kong is the first step for Fuyuan Coin to test the overseas market, and multiple platforms will be launched globally in the future." Now, considering the unique development advantages of digital currency in Thailand, it is not difficult to guess that Fuyuan Coin will choose Thailand as a springboard to develop the local market and actively seek to expand into a wider overseas market.

Thailand’s digital currency: From complete ban to prosperity

In July 2013, due to lack of laws and capital control risks, the Thai government completely banned digital currency transactions, including prohibiting the purchase and sale of digital currencies, prohibiting the provision of digital currency products and services to nationals or foreign nationals, and other stringent measures. This was the first time in the world that a government has completely banned digital currencies. Later, as more and more financial institutions and companies in various countries conducted in-depth research on digital currencies and showed an attitude of acceptance, the Thai government began to waver and revoke its previous decision. Today, Thailand's digital currency community is very prosperous, and there are currently 6 digital currency exchanges. What is more noteworthy is that the Thai government even allows digital currency exchanges to cooperate with domestic banks, and users can directly use Thai baht (Thai legal currency) to deposit and withdraw funds to the trading platform, while also supporting the exchange of Bitcoin and other digital currencies.

As an important economic center in Southeast Asia, Thailand's financial industry is very developed. At the same time, the local loose digital currency policy and prosperous digital currency community will attract more foreign digital currency companies to enter Thailand. Thailand is likely to develop into the largest digital currency market in Southeast Asia in the future.