The Governor Of Thailand Tourism is focused on becoming a Crypto-friendly tourist country to remove the scars of Covid-19 Outbreak. Thailand is preparing strategies to become a crypto-friendly country. The plan is to lure crypto holders as tourists and accelerate the tourism business in Thailand. As the covid- 19 outbreak badly affected the tourism business-based countries.
The Opinion Of The Governor Of Thailand Tourism On Embracing Cryptocurrency:
Currently, Thailand is working on strategies that transform them into a crypto-friendly country. Stated briefly by the Tourism Authority of Thailand (TAT) and the administration of the country. Thailand wants to stand amongst the crypto-friendly country. That provides ease and comfort to those tourists who have ownership of cryptocurrency. according to the report by Bloomberg.
The governor of the Tourism Authority Of Thailand issued a statement,
The cryptocurrency owners can be rich. Surely, they want to spend their wealth on their lifestyle in which travelling is commonly preferable.
If our tourist can utilize their digital currency without the hassle of exchanging and paying government taxes. Then this step will be a comfort for the crypto owners, “ he narrated”
He elaborated that the tourism department of Thailand is working on rules and regulations regarding the widespread acceptance of cryptocurrencies. This rule will be applied when the world escapes from pandemic issues. When people can travel easily around the world.
The crypto strategies have been reviewed with the Securities and Exchange Commission of Thailand (SEC), Bank of Thailand (BOT), and Bitkub Online Co., the country’s largest crypto exchange.
Surely, the tourism authorities will develop a specific block to look over the matter of cryptocurrency on their own. In which they will be focused on creating digital wallets, and making a new crypto-friendly environment. However, Thailand has not accepted cryptocurrencies yet as their official state currency.
Goals Behind Accepting Cryptocurrency:
Thailand planned to fulfill the loss of $80 billion caused by the outbreak of the covid-19 virus. Whereas before the pandemic, Thailand was managing to bring in 40 million foreign tourists.
Doubtlessly, the last estimated revenue generated in 2019, by this tourism business was around $60 billion. Later on, Thailand resumed its land of white elephants for vaccinated tourists only.
According to some sources, the governor, Yuthasak Supasorn recently advised the tourist authorities. That “Thailand could recover around 80% of its tourism business revenue by 2023. Along with the only half quantity of the foreign tourists in 2019. Consequently, If we succeed to attract someone like Russell Crowe or a crypto holder like Tim Cook .”
He believes that Thailand’s tourism business will be back to normal by 2024. Yuthasak further said that “their target is to attract nearly 1 million wealthy people of the world, in the first half month of 2022.” Moreover, the Thai authorities are sure by adopting cryptocurrency they turn 10% of crypto owners into their crypto tourists.
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