Binance Supports Thaksin’s Bitcoin Pilot Proposal

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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.