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Thailand Lays Groundwork for Crypto Tourism to Revive Industry

  • State tourism agency plans tech unit to offer crypto token
  • Thailand lost $80 billion in tourism revenue from pandemic

Thailand is targeting newly-minted crypto millionaires to breathe life into its pandemic-battered tourism industry.

The Tourism Authority of Thailand is working with the nation’s regulators and a local cryptocurrency exchange to pave the way for the acceptance of digital tokens for travel, according to its Governor Yuthasak Supasorn. That may help the tourism-reliant nation to recoup some of the $80 billion in lost revenue through the pandemic, he said.