On the 8th (local time), the Thai government announced that it will conduct a trial run of cryptocurrency payments in Phuket, a major tourist destination, to provide an alternative payment method for foreign visitors.
According to Nation Thailand, Pichai Chunhavajira of Thailand
Deputy Prime Minister and Minister of Finance, Dr Chunhavajira, announced the plan at a seminar organised by the Thai Marketing Association on the same day.
"This pilot program will be carried out within the framework of existing laws and will not require any changes to the law," Pichai said.
The program allows tourists to purchase Bitcoin through Thai cryptocurrency exchanges with the aim of integrating the digital currency into everyday transactions.
The initiative is designed to allow buyers to register and verify their identity before proceeding with the purchase. Pichai said the initiative will be run within Thailand's existing legal system and will not involve any illegal elements.
"The program will make digital transactions easier to use in tourism-oriented cities, helping Thailand stay competitive and seize business opportunities," he said.
Foreign tourists will be required to verify their identity before paying for goods and services using cryptocurrency, and any bitcoin paid will be credited to the
It will be converted into Thai Baht (THB) through the house.
2025/01/09 15:11 KST
Copyright(C) BlockchainToday wowkorea.jp 117