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coinpedia 2024-12-26 05:02:55

Binance Supports Thaksin’s Bitcoin Pilot Proposal

The post Binance Supports Thaksin’s Bitcoin Pilot Proposal appeared first on Coinpedia Fintech News Binance Thailand has endorsed former Prime Minister Thaksin Shinawatra’s idea of using Phuket as a Bitcoin payment sandbox to attract tech-savvy tourists and investors. Gulf Binance CEO Nirun Fuwattananukul highlighted Thailand’s potential to lead in digital innovation while urging caution. He emphasized the need for a regulatory framework addressing volatility and monetary stability risks. A pilot project could help Thailand learn from global examples and align cryptocurrency use with its economy, requiring collaboration between the Bank of Thailand and the SEC for effective implementation.

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