For Thailand’s market authorities, the rout in Bitcoin has been one of the few tools to cool down the once-unstoppable Jasmine Technology Solution Pcl.
For Thailand’s market authorities, the rout in Bitcoin has been one of the few tools to cool down the once-unstoppable Jasmine Technology Solution Pcl.
The telecom-turned-crypto company has lost more than a third of its value in the past month, cutting its market capitalization to 260 billion baht ($7.6 billion). That tumble also pared the wealth of its seven biggest individual shareholders, who had enjoyed earlier gains after the firm unveiled a plan in July to expand into Bitcoin mining.
Also read: Looking for a smartphone? To check mobile finder click here.
“The only frenzy has been from the company’s claim to be the pioneer of the Bitcoin-mining business in…
