Phuket eyed for crypto sandbox

Quick Summary:

In a move cheered by cryptocurrency enthusiasts, last month former prime minister Thaksin Shinawatra proposed using Phuket province as a Bitcoin sandbox for tourism, aiming to encourage digital currency holders to spend in Thailand.

Described as the de facto leader of the ruling Pheu Thai Party, Thaksin said other countries in the region are keen to hold talks with Thailand about cryptocurrency, viewing it as a means to draw more money into the economy.

The central bank launched the Programmable Payment Sandbox project, which encourages the development of innovations in payments and uses baht-backed stablecoin for payment, said Ms Jomkwan.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: ThailandArgentinaBahamasChinaHong KongNigerNigeriaSwitzerlandUnited Arab EmiratesUnited States

Topics: Bitcoin Digital Bank Cryptocurrencies Central Currency Other Thailand Payment Crypto Sandbox

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 05:15:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1283 words

Reading Time: 8 minutes read

Sentences: 50 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25684948

View Article Analysis

About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 9 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 8 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

Frequently Asked Questions