Thailand is considering a tourism-focused Bitcoin pilot project in Phuket, following a proposal by former Prime Minister Thaksin Shinawatra. 🇹🇭 The CEO of Binance Thailand sees the move as an opportunity to boost the country’s competitiveness. However, challenges remain due to the Bank of Thailand’s ban on crypto payments.

The country must take steps to avoid falling behind other countries embracing digital assets. However, the regulatory divide between the central bank and the SEC is a major hurdle that needs to be resolved before implementation. The proposed project, which is set to launch in a controlled environment in Phuket, could align with Thailand’s strategic advantages. 🤔