Thailand to accept crypto currency to promote tourism

Thailand is targeting newly-minted  millionaires to breathe life into its pandemic-battered tourism industry. The Tourism Authority of Thailand is working with the nation's regulators and a local crypto currency exchange to pave the way for the acceptance of digital tokens for travel, according to its Governor Yuthasak Supasorn.

That may help the tourism-reliant nation to recoup some of the $80 billion in lost revenue through the pandemic. Crypto is the future, so we must make Thailand a crypto-positive society to welcome this group of quality tourists, Yuthasak said. 

There are people who have become wealthy from holding digital currencies and they may want to use the wealth they have accrued, Yuthasak said in an interview on Thursday. 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.