Thailand, one of the biggest tourist-friendly countries in the world, is now focusing on opening up crypto spending for tourists in a bid to become even friendlier.
The news about this comes from Bangkok Post and The Nation, which reported the Deputy Prime Minister and Finance Minister, Pichai Chunhavajira, discussing these plans during an investment seminar in Bangkok.
The initiative is currently under review by the Ministry of Finance and the Bank of Thailand, and if approved, will allow tourists to link their cryptocurrencies to credit cards.
“This approach can be immediately adapted for Thailand, provided the supporting systems are in place,” said Pichai. It was also stated that since it won’t involve using the Thai Baht directly, risks to the domestic currency will be reduced.
While the news may not have a major impact on the cryptocurrency market, it does open up the conversation around crypto and daily spending. And when that becomes a norm, finding the best crypto to buy now will become important.
Thailand Isn’t Stopping at Crypto Spending for Tourists
While Thailand’s focus on allowing crypto spending for tourists is crucial to its economy, it is not the only aspect they are considering. Major plans are being made to reform the financial laws, with Pichai stating that the Thai government needs to treat the traditional capital market and the digital asset space in the same way.
Many of the country’s financial regulations are outdated, notes Pichai, who also stated that these could stymie the growth of institutional investors. The fact that life insurers and large funds holding hundreds of billions of Thai Baht are restricted to government bonds is also not ideal for the nation.
The upcoming rules by the Ministry of Finance are also focused on ensuring fairer market operations by keeping an eye on high-frequency trading practices.
Expressing his support for digital assets, the Deputy Prime Minister also said that the country is in need of fairer and more transparent rules around digital assets.
G-Tokens are also on his mind, which Pichai says will improve returns for savers and raise Thailand’s global debt’s sovereign profile.
What does this mean for the cryptocurrency market? When a tourist-friendly yet third-world country is trying to make cryptocurrency a norm, it sets a precedent for more developing nations to follow the same approach. This could spill over into the cryptocurrency market, enhancing optimism and pushing the price of leading crypto assets up.
Best Crypto to Buy Now
With Thailand taking measures to become more crypto-friendly, it won’t be long before other countries follow suit. Therefore, investors should stay ahead of the curve and pick crypto ICOs that could bring large gains in the days to come.
BTC Bull
Crypto’s growing acceptance could pump the value of high-cap cryptos like Bitcoin, leading the meme coin market to grow as well. However, much of that growth is speculative. That is why what BTC Bull does is very interesting.
While the name of the project makes it clear what it’s about, it’s the mechanics that make it stand out. These mechanics—namely, token burns and Bitcoin airdrops—are designed to help BTC Bull follow Bitcoin’s growth trajectory.
Triggering whenever Bitcoin hits a major milestone, BTC Bull will limit its supply and give free Bitcoin to the top holders. And since these events will be triggered repetitively, those who get Bitcoin from the airdrop may not sell them right away.
What BTC Bull does is remove much of the speculative aspect of a cryptocurrency project, allowing the project to grow alongside a high-cap token. Due to this very reason, BTC Bull has been able to raise upwards of $6 million to date.
Mind of Pepe
Mind of Pepe’s unique attributes emerge from its AI-driven roots that also focus on creating a memetic and lighthearted atmosphere. It is one of the projects that could gain traction if cryptocurrencies become part of daily transactions and more users are onboarded.
Mind of Pepe is an AI agent ecosystem, offering an agent that provides complete assessment of market conditions through real-time intelligence and hive-mind analysis.
Initially thought of as a simple project designed only to capitalize on the popular AI agent narrative, Mind of Pepe was able to prove its skeptics wrong by releasing a full-fledged agent on Twitter:
The sharp takes about the current situation of the market, while also highlighting the news that could evolve the cryptocurrency economy, is the reason why it is gaining so much momentum.
Now that the presale is about to end in less than 3 days, Mind of Pepe is generating even more interest, with the potential of raising upwards of $11 million before the listing day arrives.
SUBBD
SUBBD is a strong contender for becoming the best crypto to buy now thanks to its unique content creation toolkit that focuses on AI-driven features.
An OnlyFans equivalent within the blockchain space, SUBBD’s appeal lies in its willingness to provide an array of new features that could redefine creator-fan interaction.
Creators will get paid in crypto and won’t have to deal with the same old management fees that generally end up taking 70% of their earnings. Furthermore, they will get access to AI-driven administrative tools that will fulfill requests automatically.
Fans, on the other hand, will get access to their own features, ranging from exclusive perks to AI-driven content designed specifically for them. Furthermore, the same tools will allow them to collaborate with their favorite creators.
With over $500K raised at the time of writing, the SUBBD token has received a lot of admiration from analysts like 99Bitcoins, who have called it the next utility crypto that could explode in 2025.
Conclusion
Thailand’s move to allow crypto payments for tourists has opened a Pandora’s box of possibilities about what could happen when crypto meets tourism. Furthermore, the country’s bullishness in introducing regulatory reforms amidst a changing economy means it could follow the same approach as the USA.
These regulatory changes could bring new nuances within the cryptocurrency economy, which makes searching for the best crypto to buy now extremely important.
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