TAT Coin Is Currently Awaiting Thai Government Approval
The Tourism Authority of Thailand (TAT) is considering launching its own utility token called TAT Coin from September as part of the cryptourism campaign. According to the Bangkok Post on November 24, the infrastructure behind TAT Coin is ready to go and is now awaiting the green light from the Thai government.
Founder and CEO of local cryptocurrency exchange Bitkub, Jirayut SRUPSRISOPA, has called on politicians to approve the rollout of TAT Coin. He also noted that national GDP could grow sixfold if the digital asset market is strengthened. The head of Thailand's Tourism Authority, Yuthasak SUPASORN, explained that the "cryptourism" campaign consists of creating a new tourism ecosystem that uses digital technologies and aims to attract the wealthy, including cryptocurrency holders.
According to the head of TAT, the move will significantly help local businesses recover, which have been affected by a lack of tourism capital due to the global pandemic. The private sector is ready to support this campaign, however, Supasorn warned that there is still a lot of work in the government to prepare to roll out such an ambitious digital currency-focused initiative.
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