Thailand sets up blockchain-based crowdfunding service
Posted on 11 May, 2018 by Chris Torney, reporter
The government is working with the private sector to drive funding for entrepreneurs and SMEs.
The Stock Exchange of Thailand (SET) has announced a new funding service called the Launchpad and Investment Vehicle for Enterprises (LIVE), which is a crowdfunding platform that uses blockchain technology to drive funding to startups and other small and medium-size enterprises, the website BTC Manager has reported.
According to the SET, eight businesses have already joined the platform with many more set to follow. A spokesman said that LIVE was also backed by private and public-sector sources.
See more from this Government Report: Thailand
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