Thailand plans to become a cryptopositive society - Governor says that Krypto is the future - regulation
Thailand plans to become a cryptopositive society - Governor says that Krypto is the future - regulation
Thailand laid the foundation stone to become a "crypto-positive society", with the aim of attracting crypto holders and boosting its tourism industry. The country hopes to regain part of the $ 80 billion in lost tourism income due to the COVID-19 pandemic and the subsequent closure.
Thailand plans to attract crypto holder
The Thai tourism authority (TAT) works with the country's supervisory authorities to make visitors to make it easier and more conveniently to spend cryptocurrencies in the country, Bloomberg reported on Saturday, citing Tat-Gouveerneur Yuthasak Supasorn.
The governor said: "There are people who have become rich through the possession of digital currencies and may want to use the wealth they have accumulated", and leads from:
If you can use your currencies here without having to exchange them or being confronted with government taxes, that would be more convenient for you.
he explained that the Thai tourism authority laid the foundation for the broader acceptance of cryptocurrencies that it wants to have until the normalization of global travel.
The plan is already being discussed with the Thai Securities and Exchange Commission (SEC), the Bank of Thailand (Bot) and Bitkub Online Co., the country's largest crypto exchange, announced the governor.
In addition, the authority will set up a new unit next year that will take care of the issue of own crypto tokens, produce a wallet and build a new tourism ecosystem, he added. Thailand currently does not recognize cryptocurrencies such as Bitcoin and Ether as a legal means of payment.
The Thai tourism authority wants to compensate for part of the income of $ 80 billion through the Covid 19 pandemic. In 2019, Thailand attracted almost 40 million foreign travelers and generated sales of more than $ 60 billion.
However, the country has closed its limits for more than a year because of the pandemic. It recently opened its limits for vaccinated travelers.
Yuthasak suggested that Thailand could get about 80% of his tourism income before pandemic in 2019 in 2019, "by" by making someone like Russell Crowe or a crypto owner like Tim Cook to travel here ".
He expects Thailand's tourism industry to return to the level before Covid by 2024, and adds that the country is targeting around 1 million spending tourists in the first quarter of the next year. Meanwhile, the authority hopes that 10 % of the crypto holders will travel to Thailand at some point.
The Tat-Gouvenard said:
crypto is the future, so we have to make Thailand a cryptopositive society to welcome this group of quality tourists.
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