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Thailand speeds up blockchain adoption despite bitcoin plunge

Country's cryptocurrency exchange plans to raise $10m in security token offering

BANGKOK -- Thai cryptocurrency exchange pioneer Satang Corp. is defying the recent meltdown in virtual currencies with plans raise $9.9 million in a security token offering early next year, as the government accelerates adoption of the blockchain technology behind virtual currencies.

Satang's plan has the backing of the Thai government, which wants to make Thailand a center for blockchain.

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