This initiative was announced by the Deputy Prime Minister and Finance Minister Pichai Chunhavajira on Jan. 8 at a seminar organized by the Marketing Association of Thailand, according to Nation Thailand.

He announced that the experiment would begin in Phuket this year as a pilot project, emphasising that it would be conducted within existing legal frameworks.

“We won’t do anything that is illegal,” Pichai reassured.

He clarified that no changes to existing laws are needed for the new initiative, as the government already has the necessary mechanisms in place. He highlighted that a trial in Phuket would help Thailand stay competitive and ensure that it does not lose out on business opportunities.

Pichai explained that the project was driven by the growing popularity of cryptocurrencies among foreign tourists and their rising value. He also noted that Bitcoin, with its limited supply of 21 million coins, is valued over $2 trillion and in high demand.

Earn more CFN tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://cryptoforum.news0

CFN Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed