Thai Deputy PM Announces Testing of Cryptocurrency Payment in Phuket

The Deputy Prime Minister of Thailand has announced that the country intends to start testing cryptocurrency payments in its tourist city of Phuket with the aim of boosting its local economy and attracting international tourists. The government will work with the private sector and financial institutions on how to carry out the pilot program, enabling tourists to pay for some services and goods with virtual currency. This is part of Thailand's wider strategy to incorporate digital currencies into its economy.