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VeradiVerdict - Thailand (Southeast Asia Crypto Hub) - Issue #1

Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional
September 4 · Issue #1 · View online
Hi, I am Paul Veradittakit, a Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing into blockchain companies and cryptocurrencies. I focus on early investments and want to share my thoughts and what’s going on in the industry in this weekly newsletter.

View and comment this newsletter on Medium

I hope everyone had a lovely long Labor Day weekend! I would assume that not a lot of people know that I am Chinese-Thai, ethnically Chinese but culturally Thai. My parents emigrated from Thailand to the US, so I have a desire to support the Thailand entrepreneurial ecosystem.
The Pantera team travelled to Thailand a few months ago because we had heard that Thailand was putting themselves in a prime position to be the hub of Southeast Asia for crypto. We already had a portfolio company with a crypto exchange in Thailand so we knew there was some speculative activity.
From our trip, we met with the Ministry of Finance and other folks who suggested that regulations would be more defined in the country and that regulators were interested in creating licenses for both exchanges and ICOs to exist in a compliant way. We have already seen companies applying for both types of licenses. The government talked about a central bank digital currency and using the blockchain for other use cases such as energy and real estate.
One of our other portfolio companies, Omise, has set up a large office space that will encourage more crypto entrepreneurs to learn, discuss, and build crypto companies.
It’s still early but I believe that Thailand is setting up the right infrastructure to be the center of blockchain activity in Southeast Asia so it’s quite exciting!
Crypto Exchange Hacks in Review: Proactive Steps and Expert Advice
The collapse of ETH is inevitable
The rise of crypto in higher education
Free riders, the cost of hodl and a deep dive on staking
Thailand is becoming a critical country for blockchain
In the Tweets
Peter Todd
I am Craig Wright.
6:53 PM - 30 Aug 2018
Ari Paul
The crypto asset space is filled with grand experiments. We have experiments in governance, in consensus mechanisms, in types of distributed ledgers, in token economics. Some of the best learning is likely to come from spectacular failures.
9:02 AM - 28 Aug 2018
SEC: #Ethereum is too 'decentralized' to be considered a security.

Ethereum: Fifteen of our developers have decided to reduce issuance.

4:42 AM - 1 Sep 2018
Ethereum Developers Move to Alter Blockchain's Economics In Next Upgrade
CBOE to Launch Ethereum Futures Trading Later This Year
World’s Sixth-Most Popular Website Now Supports Cryptocurrency Trading
Japanese Police to Fund Crypto Criminal Tracking Tool
South Korean Province to Issue Own Coin as Gov’t Says Crypto Should Be ‘Accepted’
India’s Central Bank Fears Its Bitcoin and Cryptocurrency Crackdown May Backfire
Chinese Tech Hub Follows Beijing With Ban on Crypto Promotion
New Projects and Hot Deals
Messaging Giant LINE Is Launching Its Own Cryptocurrency
VMware Claims Greater Scalability With Open-Source Blockchain Project
DFINITY raises $102M from a16z and Polychain for a decentralised ‘Internet Computer’ to rival AWS
Binance Backs $32 Million Funding for Unicorn Founder's Crypto Stablecoin
AP Inks Deal With Blockchain Media Startup Civil
Our First Funding Round! – MyCrypto
Meet with Me
I will be traveling this fall for certain events, and to meet with investors. Let me know if you and your colleagues would like to meet in person.

Singapore, Cumberland Crypto, September 14-16
Hong Kong, SuperReturn, September 17-18
Singapore, Consensus Singapore, September 19-20
Las Vegas, Money 2020 USA, October 21-24
Prague, DevCon 4, October 30-November 2
Macau, Sora Summit, November 13
Hangzhou, Money 2020 China, November 14
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