Market
Will the Bitcoin pilot project in Phuket launch by the end of 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements or press releases from the Thai government or relevant authorities
Story
Thailand Explores Bitcoin Pilot Project Proposed by Thaksin Shinawatra in Phuket, Aiming for $850K BTC to Boost Tourism
Dec 26, 2024, 12:32 PM
Thailand is exploring a Bitcoin pilot project in Phuket, proposed by former Prime Minister Thaksin Shinawatra, aimed at enhancing tourism in the region. The initiative has garnered support from the CEO of Binance Thailand, who sees potential in positioning Phuket as a hub for Bitcoin payments. However, the Bank of Thailand currently prohibits crypto payments, presenting a significant regulatory hurdle. The pilot project is intended to attract tech-savvy tourists and investors, with projections suggesting it could generate up to $850,000 in Bitcoin transactions. This initiative reflects a broader trend of balancing regulatory frameworks with the growing interest in cryptocurrency among policymakers and entrepreneurs.
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Similar markets
No decision by end of 2025 • 25%
Approved and implemented • 25%
Approved but not implemented • 25%
Rejected • 25%
No noticeable impact • 25%
Moderate increase in tourism • 25%
Significant increase in tourism • 25%
Negative impact on tourism • 25%
Yes • 50%
No • 50%
Bitcoin ETFs • 25%
Stablecoin payments • 25%
Regulated online gambling • 25%
Other factors • 25%
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Both • 25%
Accept taxes in Bitcoin • 25%
Establish Bitcoin reserve • 25%
