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This Thailand cafe serves cryptocurrency advice with coffee and cake

Earlier this month, Thailand said it would start to regulate the use of digital assets as payments, warning of potential risks to financial stability a

January 31, 2022 / 12:48 PM IST
HIP cafe, which has been around since 2013, got its crypto makeover in 2020. (Image: Reuters)

HIP cafe, which has been around since 2013, got its crypto makeover in 2020. (Image: Reuters)

A cafe in northeast Thailand has become home to cryptocurrency traders, adding banks of screens showing the latest market moves and dishing out investment advice alongside coffee and cake.

Behind a calm exterior of cherry blossom trees, customers of HIP Coffee & Restaurant stare at their laptops, supping nervously on iced coffee – part of a surging interest in digital assets in Thailand that has regulators worried.

"It's exciting for me to be here because I get to meet people who share the same interests," said Detnarong Satianphut, a 35-year-old crypto trader.

"We (traders) get to exchange information because in the trading world we are coming up against millions of people."