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Deputy Government and Minister of Finance Pichai Chunhavajira announced plans for Let tourists use a crypto currency in Thailand through platforms related to credit cards.
According to the report from Bangkok Post May 26 Spend cryptocurrency during your stay while local companies would get Thai bah as usualwithout the need for direct handling digital currencies.
The idea is still reviewed by the Ministry of Finance and the Bank of Thailand. A pilot program is expected after there are technical systems and regulatory protective measures.
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The goal is ease the smooth consumption of crypto -valutes with the conservation of national currency value. Since Baht would not be used in the exchange process itself, Pichai noted that this model could reduce financial risks.
Pichai also said Current restrictions set to institutional investors can be revised. Large funds such as life insurance companies and pension managers, which have large amounts of Thailand Baht, are generally limited to government bonds.
Commission for securities and exchanges could gain greater powers. A new law is made to allow the Agency to take the main cases directly to the plaintiffs, which would accelerate legal proceedings in serious things.
To support savings and attracted global interest in Thai bonds, Pichai highlighted a separate project called G-Tokens. This system based on blockchain would allow daily investors to buy small parts of government bonds.
On March 21, Pakistan announced that he plans to use 2,000 megawatts of surplus forces to support mining and artificial intelligence projects (AI). How will it work? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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