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Thailand's Crypto-to-Baht Scheme Set to Boost Tourist Spending


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Posted
27 minutes ago, Hakuna Matata said:

This is a move in the wrong direction.

 

Thailand will become a money laundering hub of the world!

Money launderers certainly do not want to KYC.
All "tourists" do not have a bunch of fake IDs or nominees ready.

Posted
5 hours ago, Hakuna Matata said:

This is a move in the wrong direction.

 

Thailand will become a money laundering hub of the world!

It already has a significant money laundering issue

Posted

 

Like that guy in the Netherlands.......sold his house, sold his car, moved his wife and kids into a caravan......put the whole lot into bitcoin.......it promptly crashed......BUT.....if he has hung on so far he might well be a millionaire.

 

So go for it.

Posted

key words say it all

Scheme   ...   involves government agencies working together ...   making it easier for tourists

take safety seriously, ensuring businesses and tourists adhere to high standards

 

 

Posted

Jfc they are not competent enough to pull this off. Why must they keep opening their mouths? Just make it tax free and no kyc to exchange crypto to bath and gtfo.

Posted

“Rising cryptocurrency-related crimes have prompted concern from governments across the world.

According to blockchain analytics firm Chainalysis, cryptocurrency platforms lost $2.2bn to theft in 2024, while illicit actors received an estimated $40.9bn in cryptocurrency.”

 

Just read this in an article on the BBC website. It was related to a scammer just caught in Seoul.

 

No wonder the Thais want in on the act.

Posted
On 8/19/2025 at 4:14 PM, Will B Good said:

 

Like that guy in the Netherlands.......sold his house, sold his car, moved his wife and kids into a caravan......put the whole lot into bitcoin.......it promptly crashed......BUT.....if he has hung on so far he might well be a millionaire.

 

So go for it.

They are worth over 100 million.  They were in Portugal for a while but are now living in Phuket.

Posted

While I don’t own or desire Bitcoin I can see the following  in the future.

 

I went to pay for my meal and the next day my account was hacked and depleted.

 

The bar on Soi 6 accepted Bitcoin and the next day my account was empty.

 

How does one pay with bitcoin? Carry a hack saw and cut the coin in small pieces?

 

Or a mysterious account?

Posted
6 hours ago, ThreeCardMonte said:

The bar on Soi 6 accepted Bitcoin and the next day my account was empty.

 

You should obviously educate yourself first, before walking into a Soi 6 bar with a crypto wallet 

Posted
17 minutes ago, Caldera said:

 

You should obviously educate yourself first, before walking into a Soi 6 bar with a crypto wallet 


I was joking.  Never have or will own bitcoin 

Posted
25 minutes ago, ThreeCardMonte said:


I was joking.  Never have or will own bitcoin 

 

Okay. Other people would have said they were joking and would never actually go to Soi 6. Each to their own. 555

Posted
1 hour ago, ThreeCardMonte said:

I was joking.  Never have or will own bitcoin 

You may decide to not own bitcoin but you should be aware and prepared that you will have to use (or already using without your knowledge) blockchain technology and crypto sooner rather than later.

Posted
9 hours ago, Yumthai said:

You may decide to not own bitcoin but you should be aware and prepared that you will have to use (or already using without your knowledge) blockchain technology and crypto sooner rather than later.


According to who?

 

Bitcoin fanboys?

Posted
8 hours ago, ThreeCardMonte said:

According to who?

 

Bitcoin fanboys?

The whole global banking and financial system is progressively pivoting to blockchain technology/crypto assets. Wake up.

  • Agree 1

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