Phuket eyed for crypto sandbox

Quick Summary:

In a move cheered by cryptocurrency enthusiasts, last month former prime minister Thaksin Shinawatra proposed using Phuket as a Bitcoin sandbox for tourism, aiming to encourage digital currency holders to spend in the country.

"Given Thailand's heavy reliance on tourism, introducing a crypto-friendly environment in a high-profile destination such as Phuket could attract not only tourists but also digital nomads, crypto investors, and innovative startups to the region," he said.

This initiative could serve as a blueprint for similar projects nationwide, positioning Thailand as a leader in the global digital asset ecosystem.WHAT ARE THE CHALLENGES IN LAUNCHING A SANDBOX?

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Article Details

Category: EconomyBusiness

Markets: ThailandArgentinaBahamasChinaHong KongNigerNigeriaSwitzerlandUnited Arab EmiratesUnited States

Topics: Crypto Thailand Central Bitcoin Other Sandbox Payment Digital Currency Cryptocurrencies Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 05:15:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1291 words

Reading Time: 8 minutes read

Sentences: 50 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25682311

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 13 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #66

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