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🔥 JUST IN : ₿ig things are coming ~ BTC #Crypto #CryptoNews #Solana #Bitcoin #ETH #BTC #BNB #DogeCoin #PEPE #ShibaInu #DogWifHat #Binance #Coinbase #Memecoin #ADA #Cardano #AI #Link #Base #Defi #xrp #ripple #doge #base #trump #usa #blackrock #microstrategy #ripple #thailand {spot}(BTCUSDT)
🔥 JUST IN : ₿ig things are coming ~ BTC

#Crypto #CryptoNews #Solana #Bitcoin #ETH #BTC #BNB #DogeCoin #PEPE #ShibaInu #DogWifHat #Binance #Coinbase #Memecoin #ADA #Cardano #AI #Link #Base #Defi #xrp #ripple #doge #base #trump #usa #blackrock #microstrategy #ripple #thailand
Thailand's Securities and Exchange Commission (SEC) has officially recognized Tether's #USDT as a compliant cryptocurrency. This approval, effective from March 16, 2025, allows $USDT to be used for trading and potentially for payments within Thailand. This development marks a significant step in integrating digital assets into Thailand's financial system, indicating a growing acceptance of cryptocurrencies in regulated environments. #Thailand #Crypto #currency
Thailand's Securities and Exchange Commission (SEC) has officially recognized Tether's #USDT as a compliant cryptocurrency.
This approval, effective from March 16, 2025, allows $USDT to be used for trading and potentially for payments within Thailand. This development marks a significant step in integrating digital assets into Thailand's financial system, indicating a growing acceptance of cryptocurrencies in regulated environments.

#Thailand #Crypto #currency
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🚨 Urgent | Thailand 🇹🇭 🚨 In a notable step in the world of cryptocurrencies, Thai regulatory authorities 🇹🇭 have officially announced the recognition of Tether (USD₮) 💰 as an approved cryptocurrency ✅, enhancing the role of stablecoins in the country's financial system. This step is considered a pivotal milestone 🏦 in adopting financial technology 📈 and expanding the use of digital assets in the Thai economy 🇹🇭. ⚡ Are we witnessing further expansion in the global adoption of stablecoins? 🌍💸 #TheBitcoinAct #BinanceAlphaAlert #thailand #USStocksPlunge #USDT。
🚨 Urgent | Thailand 🇹🇭 🚨

In a notable step in the world of cryptocurrencies, Thai regulatory authorities 🇹🇭 have officially announced the recognition of Tether (USD₮) 💰 as an approved cryptocurrency ✅, enhancing the role of stablecoins in the country's financial system. This step is considered a pivotal milestone 🏦 in adopting financial technology 📈 and expanding the use of digital assets in the Thai economy 🇹🇭.

⚡ Are we witnessing further expansion in the global adoption of stablecoins? 🌍💸

#TheBitcoinAct #BinanceAlphaAlert #thailand #USStocksPlunge #USDT。
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Bullish
🚨 JUST BREAKING NEWS 🚨 🇹🇭 Thailand's SEC has officially greenlit Tether's $USDT as a compliant cryptocurrency! ✅ This marks a major regulatory milestone for stablecoins in the region. 🌍💰 #CryptoNewss #USDT。 #thailand #Regulations
🚨 JUST BREAKING NEWS 🚨

🇹🇭 Thailand's SEC has officially greenlit Tether's $USDT as a compliant cryptocurrency! ✅ This marks a major regulatory milestone for stablecoins in the region. 🌍💰

#CryptoNewss #USDT。 #thailand #Regulations
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🇹🇭 Thailand legalizes USDT! 💥 Tether (USDT) is now officially recognized as an approved cryptocurrency in Thailand! ✅ This is a powerful step for digital assets, opening up new horizons for businesses and users. 💡 What does this mean? 🔹 Legality – USDT is now protected by law. 🔹 More trust – stablecoins become part of the economy. 🔹 New opportunities – simplified payments and trading operations. Thailand is moving into the future, and will other countries catch up? 🤔 Write what you think! 👇 #crypto #Thailand #USDT #Tether #blockchain $BTC $ETH $XRP
🇹🇭 Thailand legalizes USDT! 💥

Tether (USDT) is now officially recognized as an approved cryptocurrency in Thailand! ✅ This is a powerful step for digital assets, opening up new horizons for businesses and users.

💡 What does this mean?
🔹 Legality – USDT is now protected by law.
🔹 More trust – stablecoins become part of the economy.
🔹 New opportunities – simplified payments and trading operations.

Thailand is moving into the future, and will other countries catch up? 🤔 Write what you think! 👇

#crypto #Thailand #USDT #Tether #blockchain
$BTC $ETH $XRP
🇹🇭 NEW: Former Thai PM calls for stablecoin adoption and online gambling legalization to unlock $4B in tax revenue and boost innovation in Thailand. #stablecoin #thailand
🇹🇭 NEW: Former Thai PM calls for stablecoin adoption and online gambling legalization to unlock $4B in tax revenue and boost innovation in Thailand.
#stablecoin #thailand
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The Prime Minister of Thailand, Prayut Chan-o-cha, has just revealed personal assets amounting to 400 million dollars.🚨The Prime Minister of Thailand, Prayut Chan-o-cha, has just revealed his personal assets, totaling up to 400 million dollars! 💰🇹🇭 This revelation comes amid increasing discussions about transparency and accountability in government leadership. Prayut, who has led Thailand since 2014, disclosed his entire asset portfolio as part of a mandatory declaration required by Thai law for public officials. 📝✨

The Prime Minister of Thailand, Prayut Chan-o-cha, has just revealed personal assets amounting to 400 million dollars.

🚨The Prime Minister of Thailand, Prayut Chan-o-cha, has just revealed his personal assets, totaling up to 400 million dollars! 💰🇹🇭

This revelation comes amid increasing discussions about transparency and accountability in government leadership. Prayut, who has led Thailand since 2014, disclosed his entire asset portfolio as part of a mandatory declaration required by Thai law for public officials. 📝✨
JUST IN: 🇹🇭 Thailand explores Bitcoin for payment solutions. $BTC {spot}(BTCUSDT) The country has introduced a Digital Asset Sandbox, while former PM Thaksin suggests integrating Bitcoin for tourism transactions. 2024: Approximately 15.43 million Thais (21% of the population) are crypto users. 2028 Forecast: Crypto adoption is expected to rise to 17.67 million users. #thailand $BTC
JUST IN: 🇹🇭 Thailand explores Bitcoin for payment solutions.

$BTC

The country has introduced a Digital Asset Sandbox, while former PM Thaksin suggests integrating Bitcoin for tourism transactions.

2024: Approximately 15.43 million Thais (21% of the population) are crypto users.
2028 Forecast: Crypto adoption is expected to rise to 17.67 million users.

#thailand $BTC
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🌴 Thailand is becoming crypto-friendly! 🇹🇭 As early as 2025, popular tourist cities, starting with Phuket, will launch a pilot project where tourists will be able to pay for goods and services using cryptocurrencies 💳➡️🪙. No more currency exchanges and hidden fees - just use your favorite tokens to pay for dinners on the beach, excursions or even souvenirs 🏝️🍹🎁. Thailand shows how technology can make traveling even easier and more convenient 🚀. Who is ready to fly to Phuket with a crypto wallet? 🛫💼 #Thailand #CryptoTourism #BlockchainLife #CryptoPayments #Travel2025
🌴 Thailand is becoming crypto-friendly! 🇹🇭

As early as 2025, popular tourist cities, starting with Phuket, will launch a pilot project where tourists will be able to pay for goods and services using cryptocurrencies 💳➡️🪙.

No more currency exchanges and hidden fees - just use your favorite tokens to pay for dinners on the beach, excursions or even souvenirs 🏝️🍹🎁.

Thailand shows how technology can make traveling even easier and more convenient 🚀. Who is ready to fly to Phuket with a crypto wallet? 🛫💼

#Thailand #CryptoTourism #BlockchainLife #CryptoPayments #Travel2025
Thailand to Pilot Cryptocurrency Payments for Tourists in Phuket by 2025 Thailand plans to test crypto payments in Phuket in 2025 to boost tourism and digital currency adoption. The pilot will let tourists use Bitcoin and other cryptocurrencies at hotels, restaurants and shops in Phuket. The program will operate under current laws with crypto converted to Thai Baht for secure and easy transactions. Thailand will launch a cryptocurrency payment pilot in Phuket in 2025. Foreign tourists will be able to utilize digital currencies at hotels, restaurants, and retail establishments that participate in the initiative.  This effort aims to simplify transactions, attract technologically inclined visitors, and increase tourism revenue by promoting the use of digital currencies. egal Framework Ensures Smooth Operation The initiative will function inside Thailand’s current legal framework hence removing the need for new legislation or modifications. Tourists who want to utilize the service must register with an approved Thai Bitcoin exchange and verify their identity. Transactions will include converting Bitcoin or other cryptocurrencies to Thai Baht via a clearing house.  This method guarantees that financial and anti-money laundering requirements are followed while also providing users with a secure and transparent environment. huket Selected for its Tourism Potential Phuket, one of Thailand’s most popular tourist destinations, was chosen as the pilot location because of its large foreign visitor base.  Authorities hope the scheme will improve the tourist experience by offering a convenient and cashless payment alternative.  The project also seeks to benefit local firms by increasing international spending and developing a more sophisticated payment infrastructure. Focus on Expansion and Innovation If the trial is successful, the government intends to expand the initiative to other important tourist destinations across Thailand. #ThailandCryptoPilot #thailand #cryptocurrencies #CryptoMarket #CryptoNews
Thailand to Pilot Cryptocurrency Payments for Tourists in Phuket by 2025

Thailand plans to test crypto payments in Phuket in 2025 to boost tourism and digital currency adoption.

The pilot will let tourists use Bitcoin and other cryptocurrencies at hotels, restaurants and shops in Phuket.

The program will operate under current laws with crypto converted to Thai Baht for secure and easy transactions.

Thailand will launch a cryptocurrency payment pilot in Phuket in 2025. Foreign tourists will be able to utilize digital currencies at hotels, restaurants, and retail establishments that participate in the initiative. 

This effort aims to simplify transactions, attract technologically inclined visitors, and increase tourism revenue by promoting the use of digital currencies.

egal Framework Ensures Smooth Operation

The initiative will function inside Thailand’s current legal framework hence removing the need for new legislation or modifications.

Tourists who want to utilize the service must register with an approved Thai Bitcoin exchange and verify their identity. Transactions will include converting Bitcoin or other cryptocurrencies to Thai Baht via a clearing house. 

This method guarantees that financial and anti-money laundering requirements are followed while also providing users with a secure and transparent environment.

huket Selected for its Tourism Potential

Phuket, one of Thailand’s most popular tourist destinations, was chosen as the pilot location because of its large foreign visitor base. 

Authorities hope the scheme will improve the tourist experience by offering a convenient and cashless payment alternative. 

The project also seeks to benefit local firms by increasing international spending and developing a more sophisticated payment infrastructure.

Focus on Expansion and Innovation

If the trial is successful, the government intends to expand the initiative to other important tourist destinations across Thailand.

#ThailandCryptoPilot #thailand #cryptocurrencies #CryptoMarket #CryptoNews
🚨Thailand's Prime Minister, Prayut Chan-o-cha, has just revealed his personal assets, totaling an impressive $400 million! 💰🇹🇭 This revelation comes amidst growing discussions about transparency and accountability in government leadership. Prayut, who has led Thailand since 2014, disclosed the full extent of his wealth as part of the mandatory declaration required by Thai law for public officials. 📝✨ His assets include properties, savings, and various investments, showcasing his financial success over the years. 📊🏠💎 Some are even questioning how such substantial wealth was accumulated, considering his years of public service. This disclosure is sparking mixed reactions across the country. Some view it as a testament to his prosperity, while others are raising eyebrows over the sources of his wealth. 🤔💼 In Thailand, public figures are under increasing pressure to show transparency in their financial dealings, especially amid economic inequality and rising public concerns about corruption. 💸🚨 With this disclosure, Prayut may hope to quell some of these concerns, but the situation is still being closely monitored by the public and political analysts alike. 👀📉 It’s a development worth watching as Thailand’s political landscape evolves. Will the PM’s financial openness bring clarity or raise more questions? Only time will tell! ⏳🇹🇭 #Thailand #PrimeMinister #PersonalAssets #BinanceAlphaAlert
🚨Thailand's Prime Minister, Prayut Chan-o-cha, has just revealed his personal assets, totaling an impressive $400 million! 💰🇹🇭

This revelation comes amidst growing discussions about transparency and accountability in government leadership. Prayut, who has led Thailand since 2014, disclosed the full extent of his wealth as part of the mandatory declaration required by Thai law for public officials. 📝✨

His assets include properties, savings, and various investments, showcasing his financial success over the years. 📊🏠💎 Some are even questioning how such substantial wealth was accumulated, considering his years of public service. This disclosure is sparking mixed reactions across the country. Some view it as a testament to his prosperity, while others are raising eyebrows over the sources of his wealth. 🤔💼

In Thailand, public figures are under increasing pressure to show transparency in their financial dealings, especially amid economic inequality and rising public concerns about corruption. 💸🚨 With this disclosure, Prayut may hope to quell some of these concerns, but the situation is still being closely monitored by the public and political analysts alike. 👀📉

It’s a development worth watching as Thailand’s political landscape evolves. Will the PM’s financial openness bring clarity or raise more questions? Only time will tell! ⏳🇹🇭

#Thailand #PrimeMinister #PersonalAssets #BinanceAlphaAlert
Thailand’s Big Move: Bitcoin Payments Now Accepted in Phuket! 🚀The world of cryptocurrency is evolving rapidly, and Thailand has just made a groundbreaking move by launching a Bitcoin (BTC) payment pilot program in Phuket. This initiative allows businesses to accept BTC for transactions, making Thailand one of the few nations actively integrating cryptocurrency into daily life. --- Why Is This a Big Deal? Thailand is already a top tourist destination, attracting millions of visitors each year. With an increasing number of travelers using digital currencies, the Thai government’s decision to allow BTC payments in Phuket is a strategic step toward financial innovation. Here’s how this move will impact the economy and crypto adoption: 1️⃣ Boosting Crypto Tourism 🌍✈️ Thailand is a favorite spot for digital nomads and crypto investors. By enabling Bitcoin payments, the country is making itself even more attractive to those who prefer using crypto over traditional banking. This could lead to an influx of high-net-worth individuals and businesses looking to invest in Thailand’s tourism sector. 2️⃣ Promoting Financial Innovation 🔗💡 The Bitcoin payment pilot is expected to pave the way for broader blockchain adoption in Thailand. If successful, this could lead to a nationwide expansion of crypto payments, encouraging businesses and individuals to embrace decentralized finance (DeFi). 3️⃣ Strengthening Thailand’s Global Position 🌐 With major economies debating cryptocurrency regulations, Thailand is taking a proactive approach. By allowing BTC transactions, the country is signaling to the world that it is open to financial innovation and ready to embrace the future of digital transactions. --- What’s Next for Crypto in Thailand? If the Phuket pilot program proves successful, we might see: ✅ Expansion of BTC payments to other cities like Bangkok and Chiang Mai ✅ Adoption of more cryptocurrencies like Ethereum and USDT for payments ✅ Introduction of clear regulations to ensure smooth transactions This move also puts pressure on other tourist-friendly nations to rethink their stance on crypto adoption. Could we see more countries following Thailand’s lead? 🤔 --- Final Thoughts 💭 Thailand’s embrace of Bitcoin for payments is a major milestone in global crypto adoption. Whether you’re a tourist, an investor, or just a crypto enthusiast, this step signals a brighter future for digital finance. 💬 What are your thoughts on Thailand’s crypto-friendly move? Do you think more countries will follow suit? Drop your opinions in the comments! 👇 #Bitcoin #CryptoAdoption #thailand #BTC #Blockchain #FutureOfFinance #BinanceSquare #CryptoRevolution

Thailand’s Big Move: Bitcoin Payments Now Accepted in Phuket! 🚀

The world of cryptocurrency is evolving rapidly, and Thailand has just made a groundbreaking move by launching a Bitcoin (BTC) payment pilot program in Phuket. This initiative allows businesses to accept BTC for transactions, making Thailand one of the few nations actively integrating cryptocurrency into daily life.

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Why Is This a Big Deal?

Thailand is already a top tourist destination, attracting millions of visitors each year. With an increasing number of travelers using digital currencies, the Thai government’s decision to allow BTC payments in Phuket is a strategic step toward financial innovation.

Here’s how this move will impact the economy and crypto adoption:

1️⃣ Boosting Crypto Tourism 🌍✈️

Thailand is a favorite spot for digital nomads and crypto investors. By enabling Bitcoin payments, the country is making itself even more attractive to those who prefer using crypto over traditional banking. This could lead to an influx of high-net-worth individuals and businesses looking to invest in Thailand’s tourism sector.

2️⃣ Promoting Financial Innovation 🔗💡

The Bitcoin payment pilot is expected to pave the way for broader blockchain adoption in Thailand. If successful, this could lead to a nationwide expansion of crypto payments, encouraging businesses and individuals to embrace decentralized finance (DeFi).

3️⃣ Strengthening Thailand’s Global Position 🌐

With major economies debating cryptocurrency regulations, Thailand is taking a proactive approach. By allowing BTC transactions, the country is signaling to the world that it is open to financial innovation and ready to embrace the future of digital transactions.

---

What’s Next for Crypto in Thailand?

If the Phuket pilot program proves successful, we might see:
✅ Expansion of BTC payments to other cities like Bangkok and Chiang Mai
✅ Adoption of more cryptocurrencies like Ethereum and USDT for payments
✅ Introduction of clear regulations to ensure smooth transactions

This move also puts pressure on other tourist-friendly nations to rethink their stance on crypto adoption. Could we see more countries following Thailand’s lead? 🤔

---

Final Thoughts 💭

Thailand’s embrace of Bitcoin for payments is a major milestone in global crypto adoption. Whether you’re a tourist, an investor, or just a crypto enthusiast, this step signals a brighter future for digital finance.

💬 What are your thoughts on Thailand’s crypto-friendly move? Do you think more countries will follow suit? Drop your opinions in the comments! 👇

#Bitcoin #CryptoAdoption #thailand #BTC #Blockchain #FutureOfFinance #BinanceSquare #CryptoRevolution
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Bullish
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I have been living in Thailand for 4 years! I want to share some news with you! $BTC $ETH $XRP #thailand #thai #crypto #BinanceAlphaAlert # Thailand is set to launch a cryptocurrency experiment in Phuket in October 2025. The idea, proposed by former Prime Minister Thaksin Shinawatra, is aimed at creating a safe environment for testing digital payments, while highly-drawn cryptocurrencies will not be used. Thaksin noted that it is important to adapt to new financial technologies in time so as not to lose talented developers who may leave for the United States. The project focuses on stablecoins - new currencies backed by stable assets such as gold or government bonds. Negotiations are also underway with other ASEAN countries to attract investment through cryptocurrencies. The initiative is part of a broader strategy to regulate cryptocurrencies, inspired by the successful experience of Torrevieja, Spain, where local stores already accept cryptocurrency payments. The project will not only help develop the digital economy, but also attract investors to the tourism sector of Thailand.Have you been to Thailand?
I have been living in Thailand for 4 years! I want to share some news with you! $BTC $ETH $XRP #thailand #thai #crypto #BinanceAlphaAlert # Thailand is set to launch a cryptocurrency experiment in Phuket in October 2025. The idea, proposed by former Prime Minister Thaksin Shinawatra, is aimed at creating a safe environment for testing digital payments, while highly-drawn cryptocurrencies will not be used.

Thaksin noted that it is important to adapt to new financial technologies in time so as not to lose talented developers who may leave for the United States. The project focuses on stablecoins - new currencies backed by stable assets such as gold or government bonds. Negotiations are also underway with other ASEAN countries to attract investment through cryptocurrencies.

The initiative is part of a broader strategy to regulate cryptocurrencies, inspired by the successful experience of Torrevieja, Spain, where local stores already accept cryptocurrency payments. The project will not only help develop the digital economy, but also attract investors to the tourism sector of Thailand.Have you been to Thailand?
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Thailand Considers Bitcoin ETF License to Boost Digital AssetsThailand is reportedly considering licensing its first Bitcoin (BTC)-based Exchange-Traded Fund (ETF), as part of efforts to make the country a digital asset hub in the Asia-Pacific region. Secretary-General of Thailand's Securities and Exchange Commission (SEC) Pornanong Budsaratragoon said both individuals and institutions may be given investment access to local Bitcoin ETFs. It is known that currently, Thailand already has a fund-of-funds product from One Asset Management which was launched in June 2024. The product offers exposure to overseas Bitcoin ETFs, but until now there has been no regulation that allows direct investment in cryptocurrencies.

Thailand Considers Bitcoin ETF License to Boost Digital Assets

Thailand is reportedly considering licensing its first Bitcoin (BTC)-based Exchange-Traded Fund (ETF), as part of efforts to make the country a digital asset hub in the Asia-Pacific region.
Secretary-General of Thailand's Securities and Exchange Commission (SEC) Pornanong Budsaratragoon said both individuals and institutions may be given investment access to local Bitcoin ETFs.
It is known that currently, Thailand already has a fund-of-funds product from One Asset Management which was launched in June 2024. The product offers exposure to overseas Bitcoin ETFs, but until now there has been no regulation that allows direct investment in cryptocurrencies.
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Bullish
Binance Thailand Cryptocurrency Exchange Now Open for Trading Binance, in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development, has officially launched its joint venture cryptocurrency exchange, Binance Thailand, for public trading. Nirun Fuwattananukul, CEO of Gulf Binance, expressed gratitude, stating, "We are deeply humbled to finally announce the launch of our local platform to the general public in Thailand. Over the past year, we have been working closely with Thai regulators, putting substantial effort into detailed planning." Binance Thailand (Binance TH) provides digital asset exchange services, offering trading pairs with the Thai baht. The platform is integrated with local banks in Thailand and has partnered with Binance Kazakhstan for brokerage services, all under the regulatory supervision of Thailand’s SEC, as outlined in the company's official release. Richard Teng, CEO of Binance, emphasized the commitment to security, transparency, and service quality with the full operation of Binance TH. He stated, “Blockchain technology and digital assets carry the power to bring about financial inclusion. This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.” #binance #thailand #breaking $BNB
Binance Thailand Cryptocurrency Exchange Now Open for Trading

Binance, in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development, has officially launched its joint venture cryptocurrency exchange, Binance Thailand, for public trading.

Nirun Fuwattananukul, CEO of Gulf Binance, expressed gratitude, stating, "We are deeply humbled to finally announce the launch of our local platform to the general public in Thailand. Over the past year, we have been working closely with Thai regulators, putting substantial effort into detailed planning."

Binance Thailand (Binance TH) provides digital asset exchange services, offering trading pairs with the Thai baht. The platform is integrated with local banks in Thailand and has partnered with Binance Kazakhstan for brokerage services, all under the regulatory supervision of Thailand’s SEC, as outlined in the company's official release.

Richard Teng, CEO of Binance, emphasized the commitment to security, transparency, and service quality with the full operation of Binance TH. He stated, “Blockchain technology and digital assets carry the power to bring about financial inclusion. This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.”

#binance #thailand #breaking $BNB
Thailand to Launch Crypto Payments in Tourist City of PhuketThailand plans to pilot crypto payments in Phuket, making it easy for tourists to pay for goods and services using digital assets. Tourists Will Soon Be Able to Pay for Goods and Services in Bitcoin Pichai Chunhavajira, Thailand’s Deputy Prime Minister declared on Wednesday, Jan. 8 at a seminar organized by the Thailand Marketing Association that the nation will begin a new crypto payment initiative. The crypto payment initiative will begin in Phuket, a well-known tourist destination and tourists will be able to shop using digital assets. Pichai added that to prevent any legal infractions, the pilot program will adhere to the current legal framework. Foreign visitors will be able to register their bitcoin through Thai exchanges, undergo identity verification, and use their crypto to pay for goods and services in Phuket as part of the pilot program. The bitcoin would then be exchanged for Thai baht by a clearing house. The Phuket trial will require no amendment to the current laws and will guarantee Thailand’s competitiveness in the global economy with the idea motivated by the growing value of cryptocurrencies and their appeal to international travelers. The usage of digital currency in daily life has already been adopted by a small, crypto-savvy population in the country. Thailand’s “bitcoin town” is a community in Kalasin’s Huai Phueng district, according to Right Shift, a Youtube channel that encourages bitcoin adoption with over 80 locals accepting Satoshi via the Bitcoin Lightning app, enabling tourists and villagers to make cashless transactions. #binance #wendy #bitcoin #thailand $BTC $ETH $BNB

Thailand to Launch Crypto Payments in Tourist City of Phuket

Thailand plans to pilot crypto payments in Phuket, making it easy for tourists to pay for goods and services using digital assets.

Tourists Will Soon Be Able to Pay for Goods and Services in Bitcoin
Pichai Chunhavajira, Thailand’s Deputy Prime Minister declared on Wednesday, Jan. 8 at a seminar organized by the Thailand Marketing Association that the nation will begin a new crypto payment initiative. The crypto payment initiative will begin in Phuket, a well-known tourist destination and tourists will be able to shop using digital assets.
Pichai added that to prevent any legal infractions, the pilot program will adhere to the current legal framework. Foreign visitors will be able to register their bitcoin through Thai exchanges, undergo identity verification, and use their crypto to pay for goods and services in Phuket as part of the pilot program. The bitcoin would then be exchanged for Thai baht by a clearing house.
The Phuket trial will require no amendment to the current laws and will guarantee Thailand’s competitiveness in the global economy with the idea motivated by the growing value of cryptocurrencies and their appeal to international travelers.
The usage of digital currency in daily life has already been adopted by a small, crypto-savvy population in the country. Thailand’s “bitcoin town” is a community in Kalasin’s Huai Phueng district, according to Right Shift, a Youtube channel that encourages bitcoin adoption with over 80 locals accepting Satoshi via the Bitcoin Lightning app, enabling tourists and villagers to make cashless transactions.
#binance #wendy #bitcoin #thailand $BTC $ETH $BNB
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Bullish
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