The Tourism Authority of Thailand (TAT) has been looking into launching its own utility token called TAT Coin since September as part of a planned “cryptourism” campaign. The initiative aims to attract crypto wealthy digital nomads and the TAT has been in discussions with the Stock Exchange of Thailand regarding TAT Coin’s issuance.
According to a Nov. 24 report from the Bangkok Post, the infrastructure behind the TAT Coin is “ready” to go and is now awaiting the green light from the Thai government.
Speaking at the ‘Transform tourism with cryptourism’ conference on Tuesday, Jirayut Srupsrisopa the founder and CEO of local crypto exchange Bitkub urged policymakers to approve the rollout of TAT Coin:
‘Private sectors are ready to provide digital infrastructure, but we’re just waiting for the government to press the button by enacting laws, regulations or even policies to help facilitate digital asset markets.”
“Our national GDP could grow six times if we can strengthen this market,’ he added.
According to the Bangkok Post, TAT governor Yuthasak Supasorn explained that the cryptourism campaign consists of “building a new tourism ecosystem which utilizes digital technologies to allow wealthy populations, including cryptocurrency holders, to channel their money directly to tourism operators without agents or brokers.”
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