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Thailand bets on crypto millionaires to revive COVID-battered tourism industry
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moneycontrol.comEyeing the nouveau-riche crypto millionaires as a means to bring back to life the severely damaged tourism economy, the Tourism Authority of Thailand (TAT) is collaborating with local cryptocurrency exchanges and companies to develop infrastructure for accepting crypto as a medium of exchange for tourism.
Per Bloomberg, TAT governor Yuthasak Supasorn is aiming to create an easy route for the crypto elites to transact in this asset class in the country, which has already lost revenue close to $80 billion during the pandemic.
“Crypto is the future, so we must make Thailand a crypto-positive society to welcome this group of quality tourists,” Yuthasak said. Notably, an attempt was made to lure in wealthy Japanese crypto holders by the tourism
Read more on moneycontrol.comAbout this in other media
Central bank tells Thai banks not to offer crypto trading cointelegraph.com /2 years ago
Can the tourism industry survive the climate crisis? theguardian.com /2 years ago
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