STATEMENT: "Topp Jirayut" points out 3 challenges regarding digital assets at the World Economic Forum 2024

(Information sent by the signatory company).

STATEMENT: "Topp Jirayut" points out 3 challenges regarding digital assets at the World Economic Forum 2024

(Information sent by the signatory company)

BANGKOK, February 2, 2024 /PRNewswire/ -- Bitkub Capital Group Holdings Co., Ltd., led by Jirayut Srupsrisopa, Founder and CEO of the group, participated in the World Economic Forum 2024, held from January 15 to 19, 2024 in Davos, Switzerland. This esteemed economic conference hosted more than 2,800 distinguished delegates, including global leaders, prominent business founders and academic professionals from around the world, who provided their perspectives on the annual global economic direction. Also, together with the Prime Minister and Minister of Finance of Thailand, Srettha Thavisin, together with major Thai companies.

For the third consecutive year, "Topp Jirayut" was cordially invited to share his vision under the concept of "Rebuilding Trust", which symbolizes the resurgence of trust after a period of slow economic growth in the last 2-3 years.

At the forum, "Topp Jirayut" was one of the keynote speakers on the topic "Clear-Eyed about Crypto", representing the appropriate guidelines of the Digital Asset Industry Regulation for business promotion and consumer protection, as well as direction of the Digital Asset Industry. The thematic forum also saw participation from the public and private sectors, including Grayscale Investments, the Government of the Hong Kong Special Administrative Region (HKSAR), Ripple and Fluency Group.

Bitkub CEO Jirayut Srupsrisopa discussed 3 notable topics regarding digital asset concerns: “The regulation and controls of digital assets should be based on developing the maximum potential of cryptocurrencies without violating laws. Fortunately, Thailand's cryptocurrency market is validated and certified by the Securities and Exchange Commission along with the support provided by the other 2 trusted financial institutions, ensuring opportunities for the development of new innovations."

Jirayut stated: "Secondly, the approval of the Spot Bitcoin ETF is intended to stimulate the growing demand for digital asset trading, where regulation has the least impact on the limits of competition or discretion. Regulatory authorities are advised that they learn and understand or test digital asset trading before establishing regulatory frameworks, so that the rules and regulations fit the real business situation. And finally, the establishment of regulations on digital assets should not be applied with "one-size-fits-all principle. Rules on digital assets must be established with specific requirements in each context."

The six themes of "Topp Jirayut"'s visions at the World Economic Forum are as follows:

About Bitkub Exchange

Bitkub Exchange is a digital asset exchange with the largest trading volume in Thailand. It is authorized by the Ministry of Finance and supervised by the Securities Market Commission.

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