{"id":20451,"date":"2025-01-20T10:47:43","date_gmt":"2025-01-20T08:47:43","guid":{"rendered":"https:\/\/forklog.com\/en\/phuket-to-launch-a-crypto-payments-sandbox\/"},"modified":"2025-01-20T10:47:43","modified_gmt":"2025-01-20T08:47:43","slug":"phuket-to-launch-a-crypto-payments-sandbox","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/phuket-to-launch-a-crypto-payments-sandbox\/","title":{"rendered":"Phuket to launch a crypto-payments sandbox"},"content":{"rendered":"<p>A sandbox allowing cryptocurrency payments will launch on the Thai island of Phuket in October, former prime minister Thaksin Shinawatra said, the <a href=\"https:\/\/www.bangkokpost.com\/business\/general\/2942782\/crypto-sandbox-to-be-launched-later-this-year-in-phuket\">Bangkok Post<\/a> reported.<\/p>\n<p>High-risk cryptocurrencies will be excluded.<\/p>\n<p>According to the former official, Thailand is ready to move to digital assets, and liberalisation of the regulatory regime in the United States after <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-becomes-47th-president-of-the-united-states-implications-for-the-crypto-industry\">the inauguration of President-elect Donald Trump<\/a> bolsters the authorities\u2019 plans.<\/p>\n<p>Shinawatra noted that talks are under way with other countries of<a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%90%D1%81%D1%81%D0%BE%D1%86%D0%B8%D0%B0%D1%86%D0%B8%D1%8F_%D0%B3%D0%BE%D1%81%D1%83%D0%B4%D0%B0%D1%80%D1%81%D1%82%D0%B2_%D0%AE%D0%B3%D0%BE-%D0%92%D0%BE%D1%81%D1%82%D0%BE%D1%87%D0%BD%D0%BE%D0%B9_%D0%90%D0%B7%D0%B8%D0%B8\"> ASEAN<\/a> on opportunities to attract investment into the economy via cryptocurrencies. Any delay risks prompting developer teams to decamp to the United States, he warned.<\/p>\n<p>The ex-premier added that stablecoins are a new form of currency backed by assets such as gold or government bonds, and should not be likened to gambling.<\/p>\n<p>In January, Deputy Prime Minister and Finance Minister Pichai Chunhavajira<a href=\"https:\/\/www.nationthailand.com\/news\/policy\/40044945\"> outlined plans<\/a> to implement the initiative.<\/p>\n<p>In December 2024, Shinawatra proposed using Phuket as a tourism sandbox for bitcoin to encourage holders of digital gold to spend coins in the country.<\/p>\n<p>In February 2024, authorities in Torrevieja, a city in Spain\u2019s Alicante province, <a href=\"https:\/\/forklog.com\/en\/news\/torrevieja-to-embrace-bitcoin-payments\">allowed<\/a> local shops to accept cryptocurrency payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A sandbox allowing cryptocurrency payments will launch on the Thai island of Phuket in October, former prime minister Thaksin Shinawatra said, the Bangkok Post reported. High-risk cryptocurrencies will be excluded. According to the former official, Thailand is ready to move to digital assets, and liberalisation of the regulatory regime in the United States after the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1198,36,807,1266],"class_list":["post-20451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-crypto-payments","tag-regulation","tag-stablecoins","tag-thailand"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20451"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20450"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}