THE Tourism Authority of Thailand (TAT) wants to establish Thailand as the first country to welcome cryptocurrency holders,, NNT said today (Feb. 21).
TAT Governor Yuthasak Supasorn said the use of cryptocurrency will help attract more opportunities from high-spending tourists, especially the young and wealthy generations.
He said the TAT plans to talk with the Bank of Thailand and tourism operators such as hotels to prepare for new tourism practices in its long-term plan..
Various governments measures resulted in economic growth in 2019 (Thai economic growth in 2019 Q1+2.8% Q2+2.3% Q3+2.4% Q4+1.6%), but the unexpected occurrence of the Covid-19 pandemic led to a national lockdown and travel restrictions, affecting tourism, trade and investment worldwide.
Those looking to buy, sell, or spend Bitcoin should check if it is legal in their country, Cryptonews.com said in a report published last year.
In fact, there are many countries with different cryptocurrency regulations. Some of them even single out Bitcoin, allowing it to be used as money, pay taxes, purchase goods, or trade it like a commodity.
In other countries, even the mere possession of Bitcoin can get you to prison. Others have not even bothered to regulate it yet, leaving Bitcoin and other cryptos in legal limbo.
Top: Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009, when its implementation was released as open-source software.Photo: Jorge Franganillo (CC BY 2.0)