Hi! Listen, I've read some interesting news about how Thailand is gradually opening its doors to the use of digital assets — and not only for locals, but also for tourists. Imagine, it will soon be possible to pay for purchases in Thailand with a regular credit card, but the money will be debited from the crypto wallet!
Thailand's finance minister, Pichai Chunhawajira, recently revealed that the country is considering allowing such payments under strictly controlled conditions. The main thing is to simplify the life of tourists: you pay in crypto, and the seller receives the money in baht. However, this is still under discussion, but the Bank of Thailand is already preparing for a pilot launch.
But that's not all. The government wants to link the stock market with the digital asset market. Now they are regulated by different laws, and it is not very convenient for investors to move funds between them. After the reform, it will become easier, and investments will be more flexible. It's about as if you could switch from buying shares in a regular app to investing in tokens in one motion.
In addition, changes to the investment rules are being discussed. For example, insurance companies are now almost not allowed to invest in the stock market, and other large funds are only allowed to invest in government bonds. The minister believes that this should be changed in order to give the market more air for growth.
By the way, about government bonds. In Thailand, they came up with the G-token, which is a digital asset linked to government bonds. They won't be able to pay in stores, but they can invest. And what's cool is that it will be possible to buy it even for small amounts, with an accuracy of up to six decimal places. And the yield is promised to be higher than that of bank deposits.
The regulator has already prescribed that such tokens will work strictly within the framework: it will be impossible to transfer them between users or withdraw them to external wallets in order to prevent their use for purchases. Everything is under control. Moreover, a public discussion of the new rules is currently underway — the country is clearly taking the issue seriously.
It turns out that Thailand is trying to make digital finance more accessible, flexible and safer. It is convenient for tourists, and promising for investors. And at the same time, the state wants to maintain control and ensure the protection of participants.
And here's the question — if you went to Thailand and you had the opportunity to pay with cryptocurrency through a credit card, would you try?