Connect with us

Thailand

Thailand tourism officials want to attract Bitcoin and other cryptocurrency holders

Caitlin Ashworth

Published 

 on 

Thailand tourism officials want to attract Bitcoin and other cryptocurrency holders | The Thaiger
Stock photo by André François McKenzie for UnSplash

Got Bitcoin? You may soon be able to spend it in Thailand. The country’s tourism officials want to draw in cryptocurrency holders and plan to first target tourists from Japan, the one of the world’s top holders of Bitcoin.

The idea is to draw in more high spending tourists, according to Tourism Authority of Thailand governor Yuthasak Supasorn. With the lack of foreign tourists due to the coronavirus pandemic, tourism officials have been discussing numerous ways to draw in visitors and boost the economy. They’ve been focusing on wealthy tourists, even launching “villa quarantine” and “golf quarantine” to help entice high spenders to visit Thailand.

“If we can prepare the country for the cryptocurrency market, it will help attract more opportunities from high-spending tourists, especially the young and wealthy generations… Even Elon Musk, the founder of Tesla and a crypto influencer, might be interested in visiting Thailand.”

TAT discussed the idea of attracting cryptocurrency holders with the Thailand and Japan Technology Promotion Association and has now started a feasibility study on using the cryptocurrency at tourism destinations.

Tourism officials still need to discuss the idea with the Bank of Thailand and measures need to be in place to prevent money laundering, Yuthasak says. TAT also plans to talk with businesses in the tourism industry to prepare for the potential use of cryptocurrency.

TAT set a goal of 8 million tourists to enter Thailand this year… much lower than the 40 million arrivals before the pandemic. They expect total tourism receipts to be around 428 billion baht with each visitor spending an average of 53,000 baht during their trip. The National Economic and Social Development Council say they only expect 3.2 million foreign arrivals this year.

SOURCE: Bangkok Post

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

32 Comments

32 Comments

  1. Avatar

    Dreqo

    Friday, February 19, 2021 at 12:35 pm

    Crypto hub etc etc

  2. Avatar

    Siso

    Friday, February 19, 2021 at 1:00 pm

    Another ridiculous idea, Money laundering is nearly impossible to track or proof via crypto currency due to its decentralized nature, so you cannot regulate it, and the Tourism and other sectors for that matter will have no clue at all what crypto currency is or how it works and where to even start to set it all up. All a bunch of desperate ideas that go nowhere

    • Avatar

      intlbankster

      Sunday, February 21, 2021 at 2:41 pm

      Crypto is already here. In case you didn’t get the memo, you don’t need permission to use crypto. You don’t need to talk about regulating it. Just use it and your life will benefit tremendously. The sooner you ditch the bank and the govt currency the better off you are.

  3. Avatar

    Issan John

    Friday, February 19, 2021 at 1:14 pm

    Nice Idea!!!!
    High spender and billionaires in
    Cheap Charlie out

    • Avatar

      Issan John

      Friday, February 19, 2021 at 3:57 pm

      Not this Issan John!

    • Avatar

      Peter Jacops

      Saturday, February 20, 2021 at 8:09 am

      Honest earners and workers out, maffia and tax evaders in?

      • Avatar

        Bob

        Saturday, February 20, 2021 at 1:36 pm

        How naive of you to make such a stupid statement. I would refrain commenting on subjects you know nothing about

    • Avatar

      Bruno

      Saturday, February 20, 2021 at 4:44 pm

      are you complet braindead issan john ? or just another stupid thai ? there are bunches of them ,

  4. Avatar

    harry1

    Friday, February 19, 2021 at 1:46 pm

    so they be tipping the waitress with $50,000 coins ? the best way forward is to attract back the long termer who have moved on due to confusing immigration law changing all the time.l must say if it wasnt for expat the south of phuket would be a ghost town,and many are helping the locals to survive

  5. Avatar

    Peter N.

    Friday, February 19, 2021 at 1:52 pm

    Ha ha. Bla bla bla. I am curious about the details.

  6. Avatar

    B.D

    Friday, February 19, 2021 at 2:06 pm

    I’ve been holding my 12 BTC for years now, since 2014 in the hope that someday I can purchase property in Thailand for it. With the value now considerable and the Thai regime opening up for crypto spending my hopes are up that someday soon I will be able to do so.

    • Avatar

      Siso

      Friday, February 19, 2021 at 3:51 pm

      really need to tell everyone how many coin you have haha. You have nothing and don’t even understand how it works. This idea will go no where if they need to regulate it because it will defeat the whole purpose o owning and trading with them in the first place.

      imagine buying something of value with your BC and needing to prove where and how you actually got them so that the corrupt centralized banking system can screen you, what a joke. Being pretty much anonymous and off the grid is the main reason t own some BC

      They should focus on local investments to get some revenue going, legalize gambling, legalize the whole cannabis industry ect. Everything is entirely focused on tourism Andy that ain’t going to happen anytime soon

  7. Avatar

    Jason

    Friday, February 19, 2021 at 2:34 pm

    Maybe finding ways to smooth the path into the country for vaccinated tourists would be time better spent?

  8. Avatar

    Ian

    Friday, February 19, 2021 at 4:01 pm

    Looks like we will be losing ij if as he suggests all the cheap Charlie’s to go bring it on anything to lose him but so sad for the country he next goes to it will prob be uk they take in anybody these days he might even get a place in a old people’s home be a change from a wooden hut hope thiers no Wi-Fi 555

    • Avatar

      Issan John

      Friday, February 19, 2021 at 5:56 pm

      What part of “Not this Issan John” could you not understand, Ian?

      • Avatar

        Issan John

        Friday, February 19, 2021 at 6:03 pm

        I am such a pathetic loser

        • Avatar

          Bill

          Saturday, February 20, 2021 at 7:50 am

          agreed.

        • Avatar

          Ipissonjohn

          Sunday, February 21, 2021 at 2:46 pm

          Yes you are.

  9. Avatar

    Mr cynic

    Friday, February 19, 2021 at 6:03 pm

    Thought that drugged up guy with the gun in samui the other week was a professional crypto currency trader.so they want to attract more quality tourists like him to the realm,another great plan.

    • Avatar

      Ipissonjohn

      Sunday, February 21, 2021 at 2:52 pm

      Criminals use the road way and regular govt currency… what your point?

      Anything any one uses could be compared to an example of a thing a bad person was known for using. Should we ban every thing because a bad person used or uses it?

  10. Avatar

    Jim kelly

    Friday, February 19, 2021 at 7:29 pm

    I’m sure Kim Jong Un would be interested!

  11. Avatar

    Ian

    Saturday, February 20, 2021 at 4:36 am

    Thaiger who is Spartacus I mean issan John could you stop the impersonator as it’s enough just having one ij 555

  12. Avatar

    bill

    Saturday, February 20, 2021 at 5:51 am

    ian sucks a big 555

  13. Avatar

    Ian

    Saturday, February 20, 2021 at 6:21 am

    I don’t do ladyboys Billy boy but I’m sure you will find a taker for yourself

  14. Avatar

    London Al

    Saturday, February 20, 2021 at 6:36 am

    It gets more ridiculous by the day, quite desperate, Elon Musk doesn’t need to visit anywhere to spend his crypto, they need to understand that rich people are not going to sit in a quarantine hotel for 2 weeks, never going to happen, ever.

  15. Avatar

    Peter Jacops

    Saturday, February 20, 2021 at 8:06 am

    Just legalize cannabis for recreational use and all hotels will be full.

  16. Avatar

    James Pate

    Saturday, February 20, 2021 at 8:24 am

    Maybe I’ll live long enough to see this crypto currency crap go the way of rare tulips, beaver hats, postal return coupons, etc. If a currency is not backed up by the 4Gs: God, Gold, Guns and Guts, controlled by a working sovereign state with real GDP, it will someday trade 1:1 with the Zimbabwe Dollar.

    • Avatar

      out of names

      Sunday, February 21, 2021 at 3:04 pm

      you mean one day soon govt issued currency goes the way of Zimbabwe dollar?

  17. Avatar

    5cent

    Saturday, February 20, 2021 at 3:58 pm

    What many crypto currency investor want is a place to become resident without capital gain tax.
    Many people who have become millionaire don’t want to leave half of their new wealth in taxes and would be interested of changing their fiscal residence easely. Promotion is one think but there must be a clear competitive advantage as Thailand is not the only country on the starting blocks to attract theses new rich.
    It’s interesting to see how the wealth creation has shifted even more from work and innovation to pure speculation.
    Also some will want to secure their future by buying landed properties which is not easy in Thailand.
    To really benefit from blockchain there should be a vision, anything that has it’s property set by a registry (land, real estate, shares…) can be run by block chain the possibilities are behind imagination but it’s more than a technological change it is a paradigm change incompatible with the interventionism of most government.

    • Avatar

      James Pate

      Saturday, February 20, 2021 at 10:41 pm

      You made some very strange and revealing statements. You seem to be afraid of capital gains taxes, implying that crypto currencies must, at some point, eventually be converted to real money. How can you even call this a currency? It is merely a very speculative investment. Why would anyone seduced by speculative investments ever become infatuated by something as prosaic as land? And yet, you drone on. How can you espouse “vision” and “regulation” in the same sentence? Moreover, “regulation” IS intervention. Rubbish!

  18. Avatar

    5cent

    Saturday, February 20, 2021 at 4:04 pm

    They should contact companies like Nomad capitalist.
    They don’t have Thailand on their list of countries to advice to rich people willing to expatriate. Hire them and ask what would it take to be number one on their list

    • Avatar

      Yogibaer

      Sunday, February 21, 2021 at 3:39 pm

      Yes….Elon Musk and Satoshi Nakamoto the mystique founder of BTC
      can’t wait to enter Thailand and spent two Weeks in a Hotel room

Leave a Reply

Your email address will not be published. Required fields are marked *



Read more headlines, reports & breaking news in Thailand. Or catch up on your Thailand news.

Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

Coronavirus (Covid-19)

Riot police officer in Bangkok tests positive for Covid-19

Caitlin Ashworth

Published

on

Riot police officer in Bangkok tests positive for Covid-19 | The Thaiger
Protest in Bangkok on February 28 / Photo by Thai News Pix

A riot police officer, who was deployed at the recent pro-democracy protests in Bangkok, has tested positive for Covid-19. His supervisor, chief of Wang Thonglang station Ekapop Tanprayoon, says the officer had visited Samut Sakhon, a coronavirus hotspot.

Riot police who worked closely with the infected officer, Somyot Nuamcharoen, are ordered to quarantine. The Wang Thonglang police station and any items the police officer handled are being disinfected, the chief says.

The officer had met up with friends during a visit to Samut Sakhon, just southwest of Bangkok. He travelled to the coastal province on February 18 and returned to Bangkok the next day.

On the 20th, he was deployed to a protest outside of parliament, just after returning from his trip to the “red zone” province. On Sunday, he deployed the protest outside the military barracks in Bangkok. The demonstration turned violent and numerous people were injured.

On Tuesday, his friend from Samut Sakhon tested positive for the virus. The infected officer was tested for Covid-19 that day and his result came back positive yesterday.

SOURCE: Bangkok Post

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Transport

“Sealed route” set at Bangkok airport for international transfers

Caitlin Ashworth

Published

on

“Sealed route” set at Bangkok airport for international transfers | The Thaiger
Suvarnabhumi Airport in Bangkok / Photo by Caitlin Ashworth

Thailand is now allowing international transits and transfers at Bangkok’s Suvarnabhumi Airport by using a so-called “sealed route” arranged at the airport to prevent the spread of Covid-19. The Civil Aviation Authority of Thailand has now set guidelines for passengers who have a layover at the Bangkok airport.

Passengers will not be allowed to leave Concourse E. A “sealed route” for the passengers will be set up at Gate E10 and E9, allowing passengers to enter the airport at Gate E10, go through security screening and then either board the transit aircraft at Gate E9 or go on a designated shuttle bus directly to an aircraft.

Social distancing is required for all passengers in waiting areas and a face mask must be worn at all times. The CAAT says food and beverage services will be available at the airport’s “sealed route” waiting area, but there will be “active oversight” on the services. Areas will also be cleaned and disinfected regularly.

Passengers must present the proper documents including…

  • A fit-to-fly health certificate
  • Medical certificate declaring a negative Covid-19 result issued no more than 72 hours before departure
  • Travel health insurance that covers Covid-19 treatment expenses up to $100,000 USD

If demand increases, the airport will add Gates E5, E7 and E8 to the sealed route. If Concourse E is under maintenance, then Concourse F will be used under the same plan.

SOURCE: Nation Thailand

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading

Thailand

Facebook removes “information-influencing” pages linked to Thai military

Maya Taylor

Published

on

Facebook removes “information-influencing” pages linked to Thai military | The Thaiger
PHOTO: Facebook

Facebook has confirmed the removal of 185 accounts run by the Thai military and allegedly involved in information-influencing. The social media giant says the accounts were deleted for engaging in what it calls, “coordinated inauthentic behaviour”. In total, 77 accounts, 72 pages, and 18 groups have been removed from the platform, in addition to 18 Instagram accounts. It’s the first time Facebook has taken such action against accounts linked to the Thai government.

The accounts were associated with the Thai military and were targeting people in the southern provinces, Facebook said its regular report on coordinated inauthentic behavior. The south of the country has been the scene of decades-long conflict, with insurgent groups in the majority-Muslim, Malay-speaking region calling for independence. To date, around 7,000 people have died in the ongoing struggle.

Facebook says the deleted accounts were most active last year and used both fake and real accounts to manage pages and groups, both openly military pages and pages that hid their links to the military. Some of the fake profiles pretended to be people from the southern provinces.

The report mentioned a post by the now-removed account named “comprehending the operation” in Thai. The page posted the logo for Amnesty International Thailand and wrote “The NGO never cares about ordinary citizens because they have no role in society. Normal people are not famous. Any case is not big news. They are not worth the investment of foreigners so they will not do anything to help. This is why we don’t see anything from the NGO.”

Facebook removes “information-influencing” pages linked to Thai military | News by The Thaiger

Image overlay translates to “The NGO never cares about ordinary citizens because they have no role nor money.”

On another now-removed account, named “truth about my home Pattani” in Thai, a post said “Muslim leader declares southern border is a peace zone. The southern separatists started a movement by spreading the idea that Thailand is under control by different believers so that people would come and fight for their religion. This was declared that the action clearly violates Islam faith.”

Facebook removes “information-influencing” pages linked to Thai military | News by The Thaiger

Image overlay translates to “Southern border is not Jihad zone.”

When contacted by Reuters, the military had no comment on the removal of the Facebook accounts, with a spokesman saying the organisation does not comment outside of official press conferences.

The head of Cybersecurity Policy at Facebook, Nathaniel Gleicher, has confirmed the reasons behind the platform’s decision.

“This is the first time that we’ve attributed one of our takedowns to links to the Thai military. We found clear links between this operation and the Internal Security Operations Command. We can see that all of these accounts and groups are tied together as part of this operation.”

He adds that the accounts had spent around US$350 on advertising on both Facebook and Instagram. One or more of the pages had about 700,000 followers and at least one of the groups had 100,000 members. Gleicher says the accounts were removed because of their misleading behaviour and not because of the content being posted. The content included support for the military and the monarchy, with allegations of violence and criticism of insurgent groups in the south.

It’s not the first time accounts linked to the Thai military have been removed by a social media platform. In October, Twitter removed 926 accounts it says had links to the army and posted pro-military and pro-government content. The Thai army has denied any involvement with the accounts in question. In November, Twitter also suspended an account posting pro-monarchy content that was found to have links to the palace and to thousands of other accounts posting similar content.

To read the February 2021 Coordinated Inauthentic Behavior Report, click HERE.

SOURCES: Reuters| Facebook

Keep in contact with The Thaiger by following our Facebook page.

Never miss out on future posts by following The Thaiger.

Continue Reading
Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO | The Thaiger
Tourism23 hours ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2 | The Thaiger
Phuket2 days ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Phuket Thai food treats you need to try | VIDEO | The Thaiger
Tourism1 week ago

Phuket Thai food treats you need to try | VIDEO

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23 | The Thaiger
Thailand1 week ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

In search of Cat & Dog Cafés in Phuket Town | VIDEO | The Thaiger
Tourism1 week ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21 | The Thaiger
Thailand1 month ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19 | The Thaiger
Thailand1 month ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18 | The Thaiger
Thailand1 month ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15 | The Thaiger
Thailand2 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14 | The Thaiger
Thailand2 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13 | The Thaiger
Thailand2 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12 | The Thaiger
Thailand2 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11 | The Thaiger
Thailand2 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8 | The Thaiger
Thailand2 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7 | The Thaiger
Thailand2 months ago

Thailand News Today | 305 infections, No happy ending for massages, Phuket quarantine mooted | Jan 7

Follow The Thaiger by email:

Trending