Bitazza, a local digital asset broker, just surpassed 100,000 customers in April, a milestone in the company's goal of becoming Southeast Asia's premier digital asset trading platform. After the scandalous closure of BX, the country's first digital asset exchange established before the Digital Asset Decree took effect, local crypto traders were forced to seek new platforms. Mr Kavin felt it was the right time to capitalise on this emerging market as it coincided with the enforcement of the Digital Asset Decree that legalised and regulated digital asset businesses in Thailand. The legalisation of digital assets and growth potential of this nascent market, with only one large digital asset exchange at the time, sparked an idea to build a digital asset business. Mr Kavin believes digital asset payments will become a mainstream trend as new lifestyles favour people with technological know-how.

Source: Bangkok Post April 30, 2021 23:25 UTC