Thailand Considers Bitcoin Pilot Project in Phuket Proposed by Ex-PM Thaksin, Supported by Binance Thailand CEO

Dec 26, 2024, 02:01 AM

Thailand is considering a Bitcoin pilot project in Phuket, proposed by former Prime Minister Thaksin Shinawatra, aimed at enhancing tourism in the region. The initiative has received support from the CEO of Binance Thailand. However, the Bank of Thailand currently prohibits crypto payments, which presents a challenge for the project's implementation. This pilot could serve as a test case for how the country balances regulatory measures with the growing interest in cryptocurrency and Web3 technologies.