#Cryptocurrency as a concept has been making lot of noise across the world. Some favoring its existence as a Giant step towards progress of Digital Economy and there are equal number of experts equating it to any other #Ponzi scheme. Loads of expert opinions & views are available on various business platforms / social media – and believe me, such opinions have only added to the confusion in the minds of general public.

Not getting drawn into the merits/demerits of this currency – least, that I get labelled as an expert – I am simply trying to drive another interesting aspect to the recent news of Thailand Government making this concept legal and framing rules around it. Such an economy, to my understanding moves into the “FMA club” – the first mover advantage club.

The Government of Thailand seems to be realizing this tangent benefit and taking the leap first. It has decided to overlook the demerits of Crypto-concept or have seriously worked around it to cap the pitfalls.

“The world belongs to the Risk-takers” – as they say and Thailand walks away with this award at the moment.

Let me explain the tangent benefit, as I understand it….

Assume an investor holding crypto to his/her account, wishes to convert this balance into the home-country currency and where the home-country does not recognize “Cryptos”. Such an individual might first swap the crypto in “Thai Baht” and then take the regular route to convert “Thai Baht” in his/her home-currency. It is a long route – though, and more taxing, but in the process, it has generated a demand for “Thai Baht”. Thailand keeps enjoying this moat till a stronger economy decides to accept this concept.

All the best “Thailand” for being the First mover….