Thailand aims to attract crypto investors to revive the battered tourism industry

The state tourism department is targeting “newly-minted crypto millionaires” as it attempts to breathe life into its decimated tourism industry.

As reported by Bloomberg last week, TAT governor Yuthasak Supasorn is teaming up with local crypto companies and exchanges to begin accepting crypto for travel.

The tourism-dependent nation has lost $80 billion in revenue due to the pandemic. It once boasted as many as 40 million international arrivals per year before Covid.

Supasorn wants to make it easier for the crypto elite to spend their digital assets in the Kingdom,

If they can use their currencies here without having to exchange it, or be faced with government taxes, then it would create convenience for them.

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