Binance supports the proposal to pilot Bitcoin payments in Thailand
Proposal to pilot Bitcoin payments in Phuket, Thailand, received support from Binance Thailand leadership. They argue that Bitcoin adoption will increase competitiveness and attract high-tech tourists to Thailand. However, the proposal still faces opposition from the Bank of Thailand (BoT), which currently bans cryptocurrency payments and is concerned about the impact on economic stability. Implementation will face many challenges due to Thailand's closed monetary system and slow administrative procedures.
