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Thailand to pilot crypto payments in Phuket – A game changer for tourists

The year 2025 has begun with a promising surge in global crypto adoption. Now, Thailand is making headlines for its progressive approach.

The nation is preparing to roll out a groundbreaking crypto payment pilot program in Phuket. This aims to integrate digital currencies into everyday transactions.

Finance Minister Pichai Chunhavajira announced during a seminar hosted by the Marketing Association of Thailand that tourists can now register Bitcoin [BTC] via local exchanges using Thai baht and verify their identities before making purchases.

Notably, the pilot will operate entirely within existing legal frameworks, requiring no amendments to current laws. This showcases Thailand’s commitment to innovation within regulatory boundaries.

Remarking on the same, in a report from The Nation Thailand, Chunhavajira noted,

“We won’t do anything that is illegal.”

Pichai highlighted the potential by referencing refugees from the Russia-Ukraine conflict who could use BTC to buy property in Thailand, bypassing traditional hurdles in acquiring Thai baht.

Thailand’s efforts to integrate cryptocurrency align with its booming tourism recovery. According to Chunhavajira, the country is expected to welcome 39.8 million visitors in 2025, up from the projected 35–36 million in 2024.

Interestingly, crypto exchange Binance has identified Thailand as a vital market in its global expansion strategy. The exchange has credited the nation’s crypto-friendly regulations as a catalyst for mainstream adoption.

However, rising interest in digital assets has also highlighted security risks. This was evident in a recent incident.

Two Russian suspects allegedly robbed a compatriot of $20,000 in Phuket over unresolved crypto debt.

Despite such incidents, Thailand’s crypto community continues to grow. Initiatives like the “Bitcoin town” in Kalasin’s Huay Phueng district are thriving. Over 80 locals there accept Satoshi payments using the Bitcoin Lightning app.

Therefore, as Bitcoin adoption gains traction globally, major economies and leading corporations like BlackRock, MicroStrategy, and Metaplanet continue to strengthen their reserves. This reflects the growing confidence in digital assets.

Against this backdrop, countries like the Czech Republic, Canada, and Switzerland are also trying to pave the way for progressive crypto policies in the future.

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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