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Former Visa Leader Joins TON to Expand Payments
The TON Foundation has appointed former Visa executive Nikola Plecas as vice president of payments to lead its global payment strategy. Plecas will focus on scaling TON’s infrastructure for over 1 billion Telegram users, leveraging his crypto experience at Visa to build interoperable systems and manage compliance and financial partnerships across jurisdictions.   🚨Big move in Web3…
Thailand Considers Crypto-Linked Financial Services Within Regulatory Bounds
Thailand is considering regulated crypto-linked services and tokenized government bonds, signaling cautious openness to digital finance. Finance Minister Pichai Chunhavajira stated that the use of crypto in payments remains restricted, but future models may be explored under strict oversight. The government is also expanding access to fractionalized sovereign bonds through blockchain-based “G-Tokens.”
Strategy Chair Criticizes Onchain Reserves Transparency
Michael Saylor, executive chair of Strategy, warned that publishing onchain proof-of-reserves is a “bad idea” due to security risks. He argued it exposes wallet addresses, weakening institutional security. While exchanges adopted the practice after FTX’s collapse for transparency, Saylor stressed it’s unsuitable for enterprises and could undermine investor safety by revealing sensitive financial infrastructure.   I asked…
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