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Cryptocurrencies

Thai companies splurge on Bitcoin mining as crypto boom expands

Rush to dig crypto comes despite central bank warnings

Thai companies have been flocking to Bitcoin and other cryptocurrencies.   © Reuters

BANGKOK -- Big Thai companies are pouring money into Bitcoin mining as the cryptocurrency boom expands in the country, shrugging off central bank warnings over risk and volatility.

That comes as the number of people estimated to own cryptocurrency in the Southeast Asian nation surged over 400% in 2021 from the year before to 3.6 million, with shops and other places increasingly accepting crypto as payment.

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