It is a pivotal time for countries: as crypto industry is causing controversy within governments, those who embrace it now could enjoy great first-mover advantages.
It looks like Thailand has made its choice.
The country’s tourism industry has suffered a lot from Covid-related restrictions, and The Tourism Authority of Thailand has a plan how to boost it – by attracting crypto-wealthy into the country.
As TAT’s Governor put it: “Crypto is the future, so we must make Thailand a crypto-positive society to welcome this group of quality tourists.”
The TAT is working with Thai government, Thai Securities and Exchange Commission, the Bank of Thailand and Bitkub, a crypto exchange, to create crypto-friendly legal framework. Moreover, TAT has crypto plans for itself: the organisation is willing to issue its own token that will be used in the tourism ecosystem.
Rich culture, beautiful nature and exquisite cuisine… the Land of Smiles might soon add yet another perk to its residents ??