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Binance backs Ex Thailand’s PM proposal for Bitcoin Payment Project
Thaksin Shinawatra, former Prime Minister of Thailand has recently proposed a Bitcoin Payment Project to boost the country’s competitiveness and make it more attractive to tech-savvy visitors. In a surprising move, Binance Unit in Thailand has acknowledged this proposal and warned that the Bank of Thailand needs to study first the risks associated with such a move before proceeding.
According to Nirun Fuwattananukul, Chief Executive of Gulf Binance, speaking to local media, Phuket’s adoption of Bitcoin payment would not only show momentum of global crypto adoption but also prove that leaders are embracing these transformative technologies. He emphasized that Thailand cannot be left behind in this regard.
It is believed that the integration of cryptocurrencies into Phuket’s economy could align well with Thailand’s strategic strengths and potentially attract tech-savvy visitors and investors.
Source: www.crypto-news.net
