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Unreported World | Channel 4 1 April 2022

Unreported World | Channel 4 1 April 2022

Series 42 Episode 2

Unreported World reports from the forefront of Thailand’s cryptocurrency boom, as farmers and traders alike go crazy for digital currencies – leading to both riches and ruin. In Bangkok, on the ‘Wild East’s’ crypto frontier, a young multi-millionaire is pushing for his country to embrace the crypto revolution. He has influential allies, but he’s also up against powerful adversaries who warn of looming financial catastrophe. As the pandemic left many Thais cash-strapped and jobless, huge numbers are turning to crypto to boost their fortunes. Though cryptocurrency is volatile, prone to scammers and market manipulation, Thailand remains a crypto-friendly nation, keen to harness new blockchain innovations in a new technological era. British-educated ‘Topp’ Jirayut Srupsrisopa is 31 and the founder and CEO of Bitkub, Thailand’s largest cryptocurrency exchange – valued at more than $1 billion. Alarm bells are ringing among Thailand’s financial regulators, who warn of potential ‘collateral damage’ to vulnerable people, and destruction of the established financial order. But crypto isn’t just taking hold in Bangkok. Reporter Jonathan Miller travels to the rice paddies of north-eastern Thailand and meets a rice farmer who’s earning £150 a month, trading crypto from his hammock in a field – using just a smartphone, a solar panel and online tutorials from his idol, Bitkub CEO ‘Topp’ Jirayut. But in the backstreets of Bangkok, a man who made and lost nearly a million US dollars represents the downside to crypto. Prod/Dir: Anneliese McAuliffe; Series Prod: Andy Lee; Exec Prod: Ed Fraser; Prod Co: Channel 4 News

April 1 @ 19:30
19:30 — 20:00 (30′)

Channel 4

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