Phuket Considered for New Cryptocurrency Hub to Boost Tourism

[NorthernRyland]

more hubs than you can shake a spoke at.

[bkk6060]

Boost tourism? The whole world is going there it is rated one of the most over tourist places in the world.  Doesn't matter their crypto dream will never happen.

[baansgr]

And what happens when it collapses and dies just like tulips...it's not even a good investment...I've earned over 500 % on RR shares in less than 2 years

[Cabradelmar]

In the LoS (land of scams) the government seemingly doesn't want to miss an opportunity to open up more avenues to grift tourist. I wouldn't trust any Thai government attempt at crypto (especially where Phuket "little Russia" is involved).

[ronster]

Great ! 

Even more stories of people getting kidnapped and assaulted to transfer thousands in crypto 🤣

[Nemo.]

5 hours ago, OneMoreFarang said:

Can someone please explain to me how to make a place a cryptocurrency hub? As far as I know the idea is that cryptocurrency works without borders. You can mine it anywhere, store it anywhere, use it anywhere.

If any business in Phuket or anywhere else in Thailand wants to accept cryptocurrency then I guess they can do that already. Or not?

 

So, what would be a cryptocurrency hub? Paying the hotel and the taxi and in the restaurant with cryptocurrency? How exiting.

And does everyone have to do that or is it optional? 

 

And would anybody who has a lot of cryptocurrency chose Phuket as a holiday destination only because it is a or the cryptocurrency hub?

 

What is the point?

My guesss is it will allow powerful locals launder money more easily.

[ignore it]

Perfect.

 

Ain't  Phuket already kind of a sandbox already

 

That's what the strife calls the place where the cats poo.

[TheFishman1]

Who is running this country TIT

[JulesMad]

6 hours ago, Thailand said:

How many tourists pay with Crypto?

Just the criminal ones

[hotchilli]

8 hours ago, webfact said:

Phuket may soon transform into a cryptocurrency haven as Thailand explores new ways to boost its tourism economy. Former Prime Minister Thaksin Shinawatra has proposed the island as the ideal location for a 'crypto sandbox', allowing visitors to freely utilise digital currencies like Bitcoin during their stay.

Former Prime Minister Thaksin Shinawatra has proposed

[OneMoreFarang]

1 hour ago, Nemo. said:

My guesss is it will allow powerful locals launder money more easily.

Sure, suddenly all the guest in some bars and restaurants will pay with crypto, and so many guests and such big bills...