#Phuket, Thailand, to pilot cryptocurrency payments#
Hot Topic Overview
Overview
The Thai government has announced a pilot program to allow cryptocurrency payments in the popular tourist destination of Phuket, enabling foreign visitors to use digital assets for local purchases. The project will initially be piloted in Phuket and will comply with existing legal frameworks, ensuring that no laws are violated. Foreign tourists can register their Bitcoin through Thai exchanges, and after completing identity verification, they can use cryptocurrency to pay for goods and services. This move aims to attract more foreign tourists and promote the use of digital assets in Thailand's tourism industry.
Ace Hot Topic Analysis
Analysis
The Thai government has announced a pilot program to allow foreign tourists to use cryptocurrencies for payments in Phuket, a popular tourist destination. The initiative aims to boost tourism and provide foreign visitors with a more convenient payment option. Thailand's Deputy Prime Minister and Finance Minister Pichai Chunhavajira emphasized that the pilot program will comply with existing legal frameworks and will not violate any laws. The Phuket pilot will allow foreign tourists to register their Bitcoin through Thai exchanges, complete verification, and then use cryptocurrencies to pay for goods and services. The project will provide new opportunities for the development of Thailand's cryptocurrency industry and could serve as a model for other countries.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Thailand will trial cryptocurrency payments on Phuket Island, allowing foreign tourists to use digital assets to shop in the tourist city.
The project aims to boost tourism and attract more foreign tourists to use cryptocurrency for spending.
The pilot program will comply with the existing legal framework and will not violate any laws.
Foreign tourists will need to register their Bitcoin through Thai exchanges and complete identity verification before they can use cryptocurrency payments.