Thailand's big move! Nationwide unlock of the 'crypto sandbox', tourists are rushing to exchange Bitcoin for Thai Baht! New engine for the Asian bull market? Check it out!
Explosive policy launched! Nationwide sandbox opened!
The Thai SEC and the central bank suddenly teamed up to drop a bombshell—a nationwide 'crypto tourism sandbox' is officially launched! Foreign tourists can now exchange Bitcoin, Ethereum, and other mainstream coins for digital Thai Baht through licensed exchanges in Thailand, and scan to buy all over Thailand! From roadside mango sticky rice to five-star hotels, everything can be used!
What's tougher is that this time it's not just a small pilot! Last year, Phuket had a conceptual version, but it ended up just making noise without rain. This time it’s directly rolled out nationwide, with the SEC and the central bank personally endorsing it, clearly aiming to integrate crypto payments into the national financial artery!
How to play? A step-by-step guide to 'grabbing Thai Baht'
STEP 1: Tourists arrive in Thailand, find a licensed exchange to exchange Bitcoin, Ethereum, etc. for digital Thai Baht;
STEP 2: Money instantly enters an electronic wallet regulated by the central bank, similar to Thailand's version of Alipay;
STEP 3: Scan to buy! Direct payment with coins is prohibited, must be converted to Thai Baht before use, to prevent money laundering first!
The consumption ceiling has also been set:
Street vendor skewers - 50,000 Thai Baht ≈ 10,000 RMB per month;
Luxury shopping in malls and hotels - 500,000 Thai Baht ≈ 100,000 RMB per month!
Remember: all exchanges and wallet providers must hold SEC licenses + anti-money laundering KYC! Want to take shortcuts? Not a chance!
Big news for the crypto world! Three major highlights fully analyzed
Highlight 1: Asian tourists are flooding in, the buyer becomes the real money master!
Thailand attracted 35.54 million tourists last year, ranking fifth globally in holding currency! If these people buy with Bitcoin, it equals opening a super channel for fiat currency to cash out in the crypto market! Demand surges, can the coin price be weak?
Highlight 2: Exchanges win by lying down, compliant licenses become a gold mine!
Thailand's Binance CEO Nirun has stated: Gulf Binance and other licensed institutions will vie for the first bite! Exchanges attract users, earn transaction fees, and may collaborate with travel platforms to issue subsidies—the next hot sector? Keep an eye on Southeast Asian concept coins!
Highlight 3: A global template is here, Thailand is just the starting point!
Neighboring Bhutan has already collaborated with Binance for nationwide crypto payments, and 80 merchants on the French Riviera are accepting coins! Once Thailand's fire ignites, Southeast Asian and European tourist countries will inevitably follow suit! The global consumption scene for cryptocurrencies is about to explode, countdown begins!
Beware! Three major warning areas to avoid pitfalls
Don't be fooled by the appealing policies, there are many hidden pitfalls! Bhummikitti, vice-chairman of the Thailand Tourism Council, directly criticizes:
Warning area 1: Which coins can be exchanged? BTC, ETH are stable, altcoins are uncertain! SEC has not released a whitelist, beware of junk coins cutting leeks;
Warning area 2: Merchants are confused about KYC! Do roadside aunties understand blockchain? Payment failures and refusals may lead to explosions;
Warning area 3: Money laundering groups find loopholes! Black market merchants in Phuket have already gathered, Thailand requires exchanges to monitor on-chain transactions 24/7, and any anomalies will result in immediate account suspension!
Remember: the sandbox trial runs for 18 months, messing it up may lead to shrinkage! Take it easy!
D's harsh words: now is the time to bottom out and lay low!
Thailand's gamble is clearly aiming to be the number one in Asian crypto payments!
Short-term players: rush for exchange platform tokens BNB, local Thai exchanges, and travel payment tokens;
Long-term investors: bet on compliant licenses + physical consumption scenario projects, avoid air coins!
Freebie hunters: keep an eye on tourist registration airdrops in Thai exchanges, new traffic = new freebies!
In one sentence: Global bull market engine +1, hold on to spot, wait for tourists to FOMO!
Follow D, a professional team will guide you to accurately target wave points, keep up with the rhythm to let your assets take off!
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