The Tourism Authority of Thailand (TAT) is preparing for the launch of its own utility token called TAT Coin, which was first announced in September as part of the campaign. The planned “cryptourism” initiative aims to attract crypto millionaires to Thailand.
According to the report ofBangkok Post newspaperOn Nov. 24, it said the infrastructure behind TAT Coin was “ready” and is currently awaiting the green light from the Thai government.
As reported by the Bangkok Post, TAT Governor Yuthasak Supasorn explained that the campaign consisted of “Creating a new tourism ecosystem using digital technology for wealthy people. including cryptocurrency holders There is a way for their payments to be made directly to tour operators without agents or brokers.”
Mr. Yuthasak It said the move would greatly help local businesses recover. After being affected by the lack of tourism funds flowing into the country due to the global COVID-19 pandemic.
Although the private sector is ready to support this campaign. But Yuthasak cautioned that there is still a lot of work to be done in the government to prepare for the launch of such ambitious projects.
Mr. Yuthasak said that TAT is in further discussions with the Office of the Securities and Exchange Commission of Thailand. About the possibility of TAT coins, a utility token that can be used for tourism products in Thailand
“Since TAT is a state enterprise This leaves a number of regulatory issues that we need to discuss with the relevant parties before taking action. And there are other safeguards against cybercrime and customer protection that we need to prepare,” he said.
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