• One crypto company based in Thailand has lost more than three-quarters of its market value over the past month.
• Jasmine Tech was well on its way towards becoming the most important bitcoin farm in Southeast Asia.
• Thailand has recently banned crypto currency in Thailand.

Thailand’s Jasmine Technology Solution Plc, the telecom-turned-crypto company, has lost more than a third of its value in the past month, according to Bloomberg. The tech firm’s market capitalization has been cut down to 260 billion baht (US$7.6 billion) in the crypto crash of last week. The massive loss has also affected the firm’s biggest shareholders.

This tech company based in Bangkok benefited from the boom in digital assets and quickly rose to be the 10th-most-valuable on Thailand’s Stock Exchange. This was the fastest growing farm in Southeast Asia. The company suffered a huge setback due to the Bitcoin crash.

The worst part is Thailand’s ban on cryptocurrency. Thailand’s Securities and Exchange Commission (SEC). announced a …

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