Thailand’s Crypto Ambitions Faces Hurdles as Phuket Payment Pilot Looms
Thailand’s finance minister, Pichai Chunhavajira, has made some positive comments regarding the wider adoption of digital asset payments in the kingdom, but several hurdles remain.
On Jan. 8, Mr Pichai questioned why Thailand should not embrace cryptocurrencies, which are being exchanged globally with strong demand, answered:
“With growing demand and ongoing geopolitical issues worldwide, people are increasingly seeking alternatives to conventional currencies,” he said.
Thailand to Embrace Crypto?
However, “Thailand is not fully prepared for digital currency at the moment,” he said, adding that the country is “trying to create a platform to identify potential users and establish a market where they can…
