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Thailand Explores Bitcoin Pilot Project in Phuket to Boost Tourism

The proposed Bitcoin pilot in Phuket is designed to attract tech-savvy tourists, improving Thailand’s competitive edge in the tourism industry. Former Prime Minister Thaksin Shinawatra supports the initiative, emphasizing its potential economic gains.

The current prohibition on crypto payments by the Bank of Thailand presents significant hurdles for the pilot’s launch. The dual regulatory oversight by the SEC and the central bank highlights the complexities that may impede the project’s advancement.

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