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Thailand’s Lawmakers May Approve Cryptocurrency Tourism Campaign To Attract Digital Nomads

Phillip Seefeldt

ByPhillip Seefeldt

Dec 21, 2021

The native media of Thailand has reported that there are expectations for the completion of the push to increase the GDP (gross domestic product) in the country. The TAT (Tourism Authority of Thailand) has been moving toward the launch of its token named TAT Coin following September as included in its planned cryptourism campaign. The initiative targets alluring the crypto-rich digital travelers and there have been discussions regarding the Thailand Stock Exchange as well as the issuance of TAT Coin.

As per a report published on 24th November on the behalf of Bangkok Post, the infrastructure at the back of the TAT Coin is prepared to move as well as is presently expecting a green signal from the authorities of Thailand. While expressing his thoughts on the subject on Tuesday, the CEO and the founder of a native crypto exchange named Bitkub, Jirayut Srupsrisopa, suggested the policymakers provide approval for TAT Coin’s issuance. He added that the private sectors of the country are willing to deliver the infrastructure; however, they are only looking at the government to ring the bell by implementing the regulations, policies, and laws to assist the markets of digital assets.

He further stated that the national GDP of the country has the potential to surge to more than six times after the strengthening of the market. As per the Bangkok Post, Yuthasak Supasorn (the governor of TAT) elaborated that the campaign of cryptourism includes the building of the latest tourism ecosystem using the digital technologies for permitting the rich populations, taking account of crypto holders, to deposit their money straightly to the operators of tourism without any need of mediator brokers or agents.

Supasorn stated that the respective step would significantly assist the native businesses to recover the bad impact caused by the scarcity of tourism capital’s availability in the country because of the global pandemic. As reported by Al Jazeera recently, the country witnessed a cumulative number of tourists to be 106, 117 during the initial 10 months of this year, which is just a little portion of the pre-pandemic average revenue counting up to 40 million per year.

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Notwithstanding the seeming readiness of the private sector in supporting the campaign, a warning has been pronounced by Supasorn that plenty of work is still required to be done within the government for the preparation of the issuance of this type of passionate digital currency-centered initiative.

Phillip Seefeldt

Phillip Seefeldt

Phillip Seefeldt is a skilled and perceptive news writer known for his comprehensive analysis and engaging writing style. With a commitment to accuracy and a deep understanding of current affairs, his articles provide readers with insightful perspectives and thought-provoking insights.

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