Previously, Thailand's financial and digital sectors grappled with unclear regulations, manual Know Your Customer (KYC) processes, and a rise in crypto-related fraud. A pivotal shift began with the emergence of NDID (National Digital ID) – a decentralised, blockchain-based identity system championed by the Bank of Thailand and developed collaboratively with both public and private sectors. Today, NDID serves over 9 million active users, facilitating cross-bank and cross-platform identity verification. Since late 2022, adoption has surged by over 50%, with more than 40 million Thai citizens now possessing verified digital identities sufficient for online financial services. This widespread adoption has been significantly boosted by the government's digital wallet programme.