Thai Finance Minister Pichai Chunhavajira announced a pilot program in Phuket, allowing tourists to use Bitcoin for payments. This initiative is part of the strategy to integrate cryptocurrencies into daily transactions and support the economy.
Bitcoin Town in Kalasin
In a village in the Huay Phueng area of Kalasin, over 80 residents and various businesses engage in daily transactions using Bitcoin. Local cafes and other services accept cryptocurrency payments.
Crackdown on Illegal Crypto Operations
In Phanat Nikhom district of Chon Buri, 996 mining devices using stolen electricity were seized. The operation was conducted by local police in conjunction with energy officials.
Innovation and Legality
The pilot program will allow tourists to register and verify their crypto assets via a Thai exchange to make payments in baht. If successful, the project may expand to other regions.
Thailand is attempting to balance the development of cryptocurrency technologies with adherence to legality. Successful integration opens new opportunities for tourists and the local economy alike.
