If you thought that cryptocurrencies are small coins thrown up at Thai cremations to ward off evil spirits, think again. The Ministry of Tourism hopes that more general acceptance of bitcoin in particular – thought to be traded by the world’s wealthiest elite – will be a big step in the ongoing campaign to attract the international high rollers and new-age millionaires.
This is the latest in a series of governmental moves designed to attract to Thai shores the non-economy traveller. Ongoing schemes have included hi-tech Smart visas not requiring a work permit, encouragement of property purchases, significant cash investment or purchase of Thai bonds – variously to obtain hassle-free permits to stay or even the lure of permanent residency. Not to mention the expansion of the Elite card aimed at the…
