Tourism Authority of Thailand (TAT) is considering creating its own digital code

Studied Tourism Authority of Thailand (TAT) Create its own utility token, to take advantage of the growing popularity of cryptocurrencies.

The symbol is named after the authority's acronym TAT, where will have to plan to launch TAT Coin, to navigate Thailand's complex legal framework and regulations, before entering the scope of implementation.

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On the other hand, the newspaper reported Bangkok Post on Wednesday, that Tourism Authority TAT Discussions are underway with the Stock Exchange of Thailand regarding its new perceptions, and how value transfer can be achieved without introducing speculative aspects into trading.

According to the report, TAT Coin “It will include converting coupons into digital tokens, which can help operators gain greater liquidity.”.

On the other hand, through Yuthasak Supasorn, President Tourism Authority TAT On his “appreciation” of the potential offered by technologies such as cryptocurrencies, also expressing his belief that it is a great opportunity for the Thai tourism industry, in enhancing competitiveness in the short term, by attracting holders of cryptocurrency:

“We have to prepare the digital infrastructure, and digital literacy of our tourism operators, in order to start the crypto policy, because the traditional business model may not be able to keep up with the new changes.”

What Makes NFTs Tokens So Interesting?

You will witness ambitions TAT Long term, in partnership with Bursa Bitkub local, to develop a tourism platform that includes TAT Coin, Verbama Non-fungible NFTs.

Although Thailand is among the first countries in Southeast Asia to enact cryptocurrency legislation, the NFT Not yet legal.

It states that, in conjunction with the plans TATOn Monday, the Thai government announced that it would cancel the quarantine of travelers who received COVID-19 vaccines in Bangkok and nine other provinces, starting from 1 November, hoping to revive the economy, which has been one of the slowest economies in East Asia and the Pacific to recover from the pandemic.

Says the chief economist at the World Bank: Kiatipong Ariyapruchya:

"It is likely that the Thai economy will require a longer time to recover, due to the delay in the return of foreign tourists."

The World Bank released a report on Tuesday, further downgrading Thailand's economic growth forecast for the year. 2021, which led to a decline in growth rates to 1%.

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The site was Coin telegraph In analyzes published during the last period, he confirmed that encrypted assets provide an alternative solution to transform government services, and enhance economic growth in that region of the Asian continent.