# YourCryptoFeed | Sep 02, 2023

**Published by:** [YourCryptoFeed](https://paragraph.com/@yourcryptofeed/)
**Published on:** 2023-09-02
**URL:** https://paragraph.com/@yourcryptofeed/yourcryptofeed-sep-02-2023

## Content

OP Labs Hires Former Google Executive as Chief Operating OfficerOP Labs has hired former Google executive Prithvi Subburaj as its Chief Operating Officer. This appointment was made after OP Co founder Karl Floersch became CEO of OP Labs, and Subburaj was the first executive to undergo a leadership change. Subburaj previously held a leadership position in software engineering at Google, where he managed the wireless subscription service Google Fi for over 15 years. https://www.theblock.co/post/248677/op-labs-hires-former-google-exec-as-chief-operating-officerThailand may implement a digital wallet plan to airdrop 10000 baht worth of tokens to its citizensAccording to the Thai Public Broadcasting Service (Thai PBS)'s "Thai PBS World" news network, sources reported that the ruling party in Thailand will negotiate with the Bank of Thailand to develop a blockchain based digital wallet. The source said that the infrastructure will take at least six months to launch, and the KYC process will also charge 100 Thai baht per user. In addition, the plan also requires approval from the country's Securities and Exchange Commission. It is reported that this plan will air drop 10000 Thai baht (approximately $285) of "Utility Tokens" for each Thai citizen aged 16 and above. But airdrop is not equivalent to legal Thai baht funds. Users can only use digital tokens within four kilometers of their residence. The validity period of tokens is only six months and cannot be converted into cash or used to repay debts. It is estimated that the plan requires a budget of 560 billion baht. The government is in consultation with the Ministry of Finance and the Securities and Exchange Commission on how to issue this type of token and determine the source of funding. https://www.thaipbsworld.com/utility-tokens-to-be-used-for-digital-wallet-scheme/#:~:text=Under%20the%20%E2%80%9Cdigital%20wallet%E2%80%9D%20scheme,4km%20radius%20of%20their%20residence.OKX plans to enter the Indian market by recruiting local employees and exploring Web3 use casesOKX Chief Marketing Officer Haider Rafique stated that the company is planning to enter the Indian market and recruit local employees to explore potential Web3 use cases. OKX does not have a global headquarters, but has regional centers in Hong Kong, Singapore, Dubai, and the Bahamas. Rafique stated that the company plans to expand its wallet service "exponentially" by leveraging India's highly regarded developer community. Currently, OKX has approximately 200000 wallet users in India, accounting for only 5% of Web3 users in the country. In addition, India has not yet introduced any legislation on Web3 or cryptocurrency issues in parliament, but has imposed strict taxes on transactions and implemented anti money laundering rules. https://www.coindesk.com/business/2023/09/01/okx-planning-web3-foray-into-india-chief-marketing-officer-says/ Follow us on Twitter for more😊 https://twitter.com/connect3world

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